QUESTION: Rltr. John, is a Property Manager of a condominium required to have a PRC license as a Real Estate Broker? ANSWER: It depends on the operations of the person. If the person operates as mere Administrator of the Homeowners Association, then there is no need for him/her to get Real Estate Broker PRC license. Persons operating under this category should not use the designation or title of Building Administrator, or Condominium Administrator, or Homeowners Association Administrator, but must avoid using the designation or title Property Manager. A person who carries the designation or title of Property Manager operates as a caretaker or leasing agent of individual condo unit in exchange for a professional fee or any form of remuneration of personal services. In order to operate legally as a an independent service provider, a Property Manager must get a PRC license as a Real Estate Broker, or he/she can attach as Salesperson under the license of the Broker. If there is anything else important that I forgot to include in this article, or if you experienced a real estate transaction that is anomalous, scam, fraudulent scheme that you want me to document and expose for others to be warned, or if you want to donate to the war chest of real estate consumer rights advocacy, please feel free to email me at JohnPetalcorin@Gmail.Com.?If you want to comment about this article, there is a provision for this purpose that you can find below.
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Source: http://petalcorin.blogspot.com/2013/01/is-condo-property-manager-required-to.html
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