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A licensed broker acting as an owner's property manager is responsible for overseeing the daily operations of a property on behalf of the owner. This includes tasks such as tenant screening, lease management, rent collection, maintenance coordination, and ensuring compliance with local laws and regulations. The broker acts as an intermediary between the owner and tenants, aiming to maximize the property's value and return on investment while addressing tenant needs. Their expertise in real estate markets and property management practices is essential for effective management.
What else can I help you with?
Do I need a real estate license or broker license to act as a property manager for a friend in California?
No, you do not need a real estate license or a broker's license to act as a property manager for a friend in California as long as the friend does not require that licensing. You can have a written or verbal agreement to perform those services.
Is a mortgage legal if the broker was not licensed at the time of the closing?
No the Broker was not legal to perform business; unless the Mortgage Banker is working with another lending institution that is licensed. Check their references before moving forward.
Does a business broker need a license to operate legally?
Yes, in most states, a business broker needs to be licensed to operate legally.
What is the going hourly rate for a licensed US customs broker?
$14.00/hr
If your mortgage broker was not yet licensed can you get out of the mortgage you signed the broker told me this in confidentiality Michigan laws?
i was told that this would not be a legally binding contract.
Can an employer hire a person to manage property without a real estate license?
Generally, in the US, a property manager doesn't need to have a real estate license. In the UK, the landlord needs a licencefor the property. You can read more about that rule in the UK at the link provided below.
How is supervision related to work control and evaluation?
According to 19 CFR 111.1 [Title 19 Customs Duties; Chapter I U.S. Customs and Border Protection, Department of Homeland Security; Department of the Treasury; Part 111 Customs Brokers; Subpart A General Provisions], responsible supervision and control means that degree of supervision and control necessary to ensure the proper transaction of the customs business of a broker, including actions necessary to ensure that an employee of a broker provides substantially the same quality of service in handling customs transactions that the broker is required to provide. While the determination of what is necessary to perform and maintain responsible supervision and control will vary depending upon the circumstances in each instance, factors which CBP will consider include, but are not limited to: The training required of employees of the broker; the issuance of written instructions and guidelines to employees of the broker; the volume and type of business of the broker; the reject rate for the various customs transactions; the maintenance of current editions of the CBP Regulations, the Harmonized Tariff Schedule of the United States, and CBP issuances; the availability of an individually licensed broker for necessary consultation with employees of the broker; the frequency of supervisory visits of an individually licensed broker to another office of the broker that does not have a resident individually licensed broker; the frequency of audits and reviews by an individually licensed broker of the customs transactions handled by employees of the broker; the extent to which the individually licensed broker who qualifies the district permit is involved in the operation of the brokerage; and any circumstance which indicates that an individually licensed broker has a real interest in the operations of a broker.
What other field can a real estate agent pursue?
A real estate agent can move into property management, investment, development, mortgage brokerage, or appraisal. Other options include marketing, real estate tech, construction, interior design, or teaching.
How is a real estate broker different from a real estate agent in California?
A real estate "agent" is licensed to practice real estate, but only under the direct supervision of a broker. Without a broker to oversee their activities and take responsibility for their actions a real estate agent is not allowed to practice. There is a trick of language here though, and it has to do with Agency Law. By law, an agent is a person who acts on behalf of someone else. A real estate broker is also called a real estate agent. This is because they are acting as an agent for the buyer or seller in a transaction. So the broker has the legal title of "broker" generally and the title of agent in relation to his or her client. A real estate agent working under a broker is an agent only to the broker, the broker is agent to the client.
How do you become bonded as a licensed electrical contractor?
Call your insurance broker and tell them you need a license bond, if you need performance or bid bonds the same broker should be able to help. If that broker can help, switch to a construction broker because we regularly handle this type of stuff whereas a generalist broker might not.
How can one apply for pre foreclosure?
First you have to qualify for a short sale (meaning ubouve all else - you cannot have assets like a second property) than speak to a bank manager and a real estate broker.
What does a Broker In Charge do?
A Broker-In-Charge is basically the supervisor or manager of the real estate office. By law, every real estate office must have an appointed Broker-In-Charge, also called a BIC for short.
