In Florida, can my company manage commercial properties for others without a license if we hire an outside brokerage company to do all the leasing?
Yes, you can handle a lot of commercial property management issues without a license in the state of Florida. Provided you stay away from renting and leasing activities on a commission basis, which do require a license in the state of Florida.
According to the Florida Department of Licensing, you can hire an outside broker (or brokerage company) to handle your leasing activity while you concentrate on other aspects of property management, such as maintenance, landscaping, accounting, etc. There just has to be a licensed broker responsible for the compensated leasing activity.
Additionally, you don’t need a license to manage property if you work directly for the property owner as an employee, and you draw a salary rather than a commission.
If you are managing restaurant or hotel space, you may need a separate license from the Florida Division of Hotels and Restaurants, however.
For more information, contact the Florida Division of Real Estate at (850)487-1395, or visit http://www.myfloridalicense.com.
Writing about personal finance and investments since 1999, Jason Van Steenwyk started as a reporter with Mutual Funds Magazine and served as editor of Investors’ Digest. He now publishes feature articles in many publications including Annuity Selling Guide, Bankrate.com, and more.