 Am I breaking the law? (by Connie [GA]) Oct 21, 2008 2:52 AM
 Am I breaking the law? (by Alita [GA]) Oct 21, 2008 6:21 AM
Am I breaking the law? (by Josh [CA]) Oct 21, 2008 8:54 AM
Am I breaking the law? (by cep [WI]) Oct 21, 2008 1:14 PM
Am I breaking the law? (by John... [MI]) Oct 21, 2008 1:30 PM
Am I breaking the law? (by Katherine [TX]) Oct 21, 2008 3:54 PM
Am I breaking the law? (by John... [MI]) Oct 21, 2008 5:19 PM
Am I breaking the law? (by Connie [GA]) Oct 21, 2008 6:07 PM
Am I breaking the law? (by Lynx [GA]) Oct 22, 2008 9:09 AM
Am I breaking the law? (by Connie [GA]) Posted on: Oct 21, 2008 2:52 AM
Message:
State Specific Question About: GEORGIA (GA)
I obtained my Property Manager Diploma thru an online study course two years ago. I wanted to manage properties on my own. I own 1/4 of 16 apartments and manage them now as well as some more properties for another investor. Am I breaking the law because I do not have a real estate license or work for someone else. --64.12.xxx.xx |
Am I breaking the law? (by Alita [GA]) Posted on: Oct 21, 2008 6:21 AM
Message:
The only way you can manage property for others without a real estate license is if you work for them as an employee. I don't remember the exact wording. I suggest you read the landlord tenant laws for the state of GA. --24.98.xxx.xxx |
Am I breaking the law? (by Josh [CA]) Posted on: Oct 21, 2008 8:54 AM
Message:
The course didn't tell you if you needed a real estate license. Just gave you a dipolma and said go forth and be PM? I do it all myself so I don't know the laws on this.
I imagine it varies state to state. I believe that Alita is correct. If you are a employee then you don't need a license. Sounds like you a partner for the 16 unit and employee for several others? A guess yes you do need a RE license. That is only a guess tho. --209.240.xxx.xxx |
Am I breaking the law? (by cep [WI]) Posted on: Oct 21, 2008 1:14 PM
Message:
I don't know about GA law, but in WI you would be practicing as a real estate broker without a license. So, yes, you could get is some trouble. --206.40.xxx.xxx |
Am I breaking the law? (by John... [MI]) Posted on: Oct 21, 2008 1:30 PM
Message:
"Under Georgia law, any person who manages property must have a Georgia real estate license unless that person is the owner of the property; a full-time employee of the owner; or, if the owner is a limited partnership, the general partner of that limited partnership."
That is from: www.dca.state.ga.us/housing/HousingDevelopment/programs/downloads/landlord/rntlpropmgmt.html
So, yes, in my opinion, you would be breaking the law to managing that "other investor's" properties. I think you'd be ok with the ones that you are (partial) owner of.
- John...
--64.25.xxx.xxx |
Am I breaking the law? (by Katherine [TX]) Posted on: Oct 21, 2008 3:54 PM
Message:
Sounds like you might be able to get around it with a proper entity. That becomes a state RE law question for a good RE atty in GA.
That's probably to the quickest fix. . .either that or cease managing for others where you don't have an ownership interest. --64.12.xxx.xxx |
Am I breaking the law? (by John... [MI]) Posted on: Oct 21, 2008 5:19 PM
Message:
I don't see that she can continue to PM for other LLs regardless of her entity. My reading of that is that they are talking about the owner being in a specific entity -- not the PM. In other words, it says that you can be a PM when:
- You own it.
- You work full-time for the owner.
- You are the general partner in a limited partnership that owns it.
I think Connie is out of luck trying to PM for properties that she doesn't have at least some ownership in -- regardless of any entity -- unless she has a RE license.
- John...
--67.142.xxx.xx |
Am I breaking the law? (by Connie [GA]) Posted on: Oct 21, 2008 6:07 PM
Message:
Thank you all for some good information. These responses are very helpful and I guess I know what I must do in order to continue what I love doing. It seems what I have with the PM diploma is just a pretty piece of paper which serves no purpose. --64.12.xxx.xxx |
Am I breaking the law? (by Lynx [GA]) Posted on: Oct 22, 2008 9:09 AM
Message:
As I recall, there is also an exception in GA if you are managing for a member of your immediate family. --168.29.xxx.xx |
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