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Do I need a real estate sales license to start a real estate company

Do I need a real estate sales license to start a real estate company

Full question:

I want to start a Residential and Commercial Property Management company. Do I need a Real Estate Sales License in the state of Massachusetts?

Category: Licenses
Subcategory: real estate
Date: 04/07/2025
State: Massachusetts

Answer:

I am prohibited from giving legal advice. Please see the statute below, dealing with exemptions from real estate licenses in MA, to determine the applicable requirements:

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

Who is exempt from real estate licensing requirements in California?

In California, certain individuals may be exempt from real estate licensing requirements. For example, property owners managing their own properties do not need a license. Additionally, employees of property owners who manage properties on behalf of the owner may also be exempt. However, it's important to check specific regulations, as exemptions can vary based on the nature of the management activities. Always consult the California Bureau of Real Estate for the most current information. *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*

How to start a property management company in Massachusetts?

To start a property management company in Massachusetts, you should first conduct market research to understand the local demand. Next, create a business plan outlining your services, target market, and financial projections. Register your business with the state and obtain any necessary permits or licenses. While a real estate sales license may not be required for all property management activities, it's crucial to familiarize yourself with Massachusetts laws regarding property management to ensure compliance. *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*

What states require a real estate license to sell a business?

The requirement for a real estate license to sell a business varies by state. In many states, if the sale includes real property, a real estate license may be necessary. However, some states allow business brokers to operate without a real estate license, provided they do not engage in real estate transactions. It's essential to check the specific regulations in your state to determine the requirements for selling a business. *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*

Do you need a real estate license to be a property manager in MA?

In Massachusetts, whether you need a real estate license to be a property manager depends on the activities you perform. If you are managing properties for others and collecting rent, you typically need a real estate sales license. However, if you are managing your own properties, a license may not be required. It is important to review Massachusetts laws to ensure compliance with licensing requirements. *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*

Can you sell commercial real estate without a license?

In most states, selling commercial real estate typically requires a real estate license. However, some individuals may sell their own commercial properties without a license. If you are acting as a broker or agent for others, a license is generally necessary. Always check the specific regulations in your state regarding real estate transactions to ensure compliance. *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*

Do you have to have a commercial real estate license to sell commercial property?

Yes, in most states, you must have a commercial real estate license to sell commercial property on behalf of others. This requirement is in place to ensure that agents are knowledgeable about the complexities of commercial transactions. However, if you are selling your own commercial property, you typically do not need a license. Always verify the specific licensing requirements in your state to ensure compliance. *Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.*