can I start a residential property Management buss. in CA if I am only licensed as a Real Estate Salesperson?
I keep hearing different tales on the internet. Some people say that you need a Brokers license and some people say that a Salesperson will do.
No, you need a brokers license.
As a salesperson you are allowed to work for a broker with a company only, not have a company of you own.
You must have a broker’s license. The only way you may possibly do what you want with a salesperson’s license is to have a managing broker cover your license for you. Doubtless, said self would want a piece of the action, since there is liability and dependability with being a managing broker.
To be a property manager starting your own business in CA you need to have a broker’s license. You may possibly work as a licensed sales self under a brokerage and still do property management though.