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When Does Property Management Not Require a Real Estate License?

The licensing law contains a limited exclusion from the licensing requirement for persons employed by the owner for managing and maintaining multifamily residential properties. To rely on this exclusion, the regulations require the owner to retain all decision-making authority, including conditions of occupancy, negotiating leases and entering into leases with tenants.

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Home Flippers See Drops in Profit

Only 32,526 single-family homes and condos were flipped in the first quarter of 2021, representing just 2.7% of all sales, or only one in 37 transactions. This is the lowest level of flips in 21 years.

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