Property Management licensed or bonded?

thinkbig727 · #1 May 13, 2008, 02:48 PM

I have two questions that I hope someone can help with.

1-
I am thinking of starting a property management company in California and I dont know exactly what licenses are required. From my understanding, you either have to be a Certified Property Manager OR a Real Estate Broker. While I am neither, I have a partner who is a licensed broker that wants to partner with me and start the management company. By having one of the two principal owners licensed, does that make us (as in both owners) a legitimate company?

2-
What type of insurance do I need to get? There are currently no employees. Just us two.

Any help would be greatly appreciated!

Thinkbig727



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