What are the eligibility requirements for a community association manager in Georgia?
Must a Georgia property management company have a real estate broker's license?YES. Key components of property management (renting and leasing) are considered real estate activities under existing Georgia real estate licensing laws. According to Georgia rules, "property management services" mean: Show
The provision, for valuable consideration, to another of marketing, including referring prospective tenants; leasing; physical, administrative, or financial maintenance; and overall management of real property; or supervision of the foregoing activities for another pursuant to a property management agreement. A real estate license is required to perform these services. A salesperson working under a broker may engage in such activities. Also, unlicensed employees of brokers may engage in limited activities, such as receiving lease applications, showing rental units, and menial tasks, as long as certain conditions are met. Are there any exceptions to the requirement that a Georgia property manager have a broker's license?YES. An exception is available to unlicensed full-time employees of property owners (who are also unlicensed) to perform real estate brokerage activity on property owned by the unlicensed employer. For more information about these and other Georgia property management requirements and exceptions, please contact the Georgia Real Estate Commission. Before hiring a property manager to manage your Georgia rental property, you should always check that he or she is licensed appropriately. You can check the license status of Georgia property managers at the Georgia Real Estate Commission's consumer information webpage. Georgia Community Association Manager LicensingCommunity association management in Georgia is an activity that must be done under a broker's license. In addition, the person doing the management must at least have a community association manager's license. "Community association management services" means: the provision, for compensation, of management of administrative services for the operation or affairs of a community association, including collecting, controlling or disbursing funds, obtaining insurance, arranging for and coordinating maintenance to the association property, and otherwise overseeing the day-to-day operations of the association. A community association manager is a person who acts on behalf of a real estate broker in providing only community association management services. Georgia Real Estate Broker Licensing RequirementsGeorgia real estate broker licensing requirements include:
Georgia Real Estate Salesperson Licensing RequirementsGeorgia real estate salesperson licensing requirements include:
For more information on these and other license requirements, please visit the Georgia Real Estate Commission's licensing webpage. Georgia Community Association Manager Licensing RequirementsIn order to qualify for a community association manager's license, an applicant must:
For more information on these and other license requirements, please visit the Georgia Real Estate Commission's licensing webpage. What is a community association manager in Georgia?A community association manager is a person who, for a valuable consideration, to others of management or administrative services on, in, or to the operation of the affairs of a community association, including, but not limited to, collecting, controlling, or disbursing the funds; obtaining insurance, arranging for and ...
What is the difference between a community manager and a property manager?Property managers oversee individual rental units or a group of rental units, such as an apartment complex. They're responsible for managing the entire property, while community association managers are responsible for common areas—not individually owned properties.
Who is exempt from carrying fidelity insurance?Who is exempt from the bond requirements? Plans that only cover the sole proprietor, sole shareholder-employee or partners, including spouses, are generally exempt under DOL Sec. 2510.3-3. If your plan covers other employees, the exemption does not apply.
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