Must a California property management company have a real estate broker’s license?
The answer is ‘yes’.
Most aspects of property management are considered a real estate activity under current California real estate licensing laws.
A broker’s license is required for any person or company that, for compensation,
- leases or rents or offers to lease or rent, or
- places for rent, or
- solicits listings of places for rent, or
- solicits for prospective tenants, or
- negotiates the sale, purchase or exchanges of leases on real property, or
- collects rents from real property, or improvements thereon.A salesperson working under a broker may engage in such activities.