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Do you need a real estate license to rent apartments in New York City?
Wiki User
∙ 14y ago
You do not have to be a real estate broker if you are the owner of the building. However, management companies have employees that can rent are not always required to have licenses. Hence, employees of management companies can also rent apartments in a specific building or multiple buildings under the umbrella of that management company. Beware of finders fees as they must be flat and not represent a percentage commission and should not be negotiable. Paying a flat finders fee may be no different than purchasing a lead, but paying someone as an independent contractor creates potential complications.
Courtesy of Think Properties NYC
To rent your own, or as an employee of the company that owns the units, no. To be a rental agent for other peoples apartments, yes. It is also possible to receive a finders fee for refering someone who then rents to/from the party you referred.
Wiki User
∙ 14y ago
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