Q: I live in the state of Hawaii and I?m married to someone who is a Realtor. I purchased a property prior to the marriage and the property is under my name. I?m currently renting it and managing it myself. We were told that if my spouse is a Realtor, I need to use my spouse?s real estate company to manage the property and by managing the property myself I may be breaking the law. However, the unit is under my name, the business license is under my name and all transactions are under my name. Is this true?
?Anonymous
A: While I?m certainly not an expert on Hawaiian State laws, what you?ve been told sounds very strange to me. It is likely that you can manage it yourself or hire any property management company you like to manage your rental property.
Since you own the property you are a landlord and are not actually engaged in the property management business. The person that gave you the information concerning this issue is probably confused by the state requirement for all property management companies i.e. property managers to be licensed Real Estate Brokers. Condo association managers do not have to be real estate brokers but they are required to register with the state.
Don?t rely on me however; check with a local Real Estate attorney.
Lee Dworshak is a Realtor? with Keller Williams LA Harbor Realty in Rancho Palos Verdes, CA.
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Source: http://www.realtor.com/blogs/2011/06/21/do-i-need-to-be-a-realtor-to-manage-property/
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