Do our caretakers really need a real estate licence?

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  • 22/03/2022 at 12:09 pm #62024 Reply | Quote
    mrc356@bigpond.net.au
    Flatchatter

      Our owners corporation (NSW) owns the management rights business and engages  a Management couple who we believe must have a class 1 real estate licence to handle all trust account matters.

      They get a package and can conduct real estate sales within the complex and handle trust account matters. My question is “is there an alternative to them having to have a class 1 real estate licence”.

      When it is time for them to go, the requirement of a real estate licence really limits the applicants and makes it nearly impossible to replace them.

      Can the owners corporation use an accountant to handle trust account matters and have a lower class of real estate licence to handle rentals and bookings etc. This would open up the field for replacement applicants.

      Can an accountant be a licensee in charge? Thanks and look forward to your answer

       

       

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    Reply To: Do our caretakers really need a real estate licence?
    PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.

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