Q: Vacation Rental Management without real estate license in Florida?
I want to buy a Vacation Rental Management Company in Florida, that means, I would have several vacation rentals from owners all over the world in my portfolio. For a monthly fee I would take care of all business around a rental for the owner, which means listing the properties on platforms, write rental contracts, obtain the rental price, pay the taxes, pay all invoices, organizing cleanings and repairs etc. In addition to the monthly fee, I would get a commission on the net rent that comes in for the owner. The seller is a real estate agent and broker, but assured me, I only need a license from dbpr for the properties I manage. Also, the dbpr told me, as a property manager there is no extra license required, if I would hold the hotel license. Contrary to this, a friend told me, I would need a broker’s license to run my business like I plan to do.
I am confused – what is correct?
A: Yes, you generally need a real estate license from FREC to manage other peoples property and make a commission. There are a few exceptions, I would need more information to see if they apply.
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