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by dd36
2659 days ago
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How familiar are you with state laws? Performing walkthrough inspections as a third-party without being licensed is illegal in many states - a felony, even. I'll source it for you shortly. EDIT: Here: https://azre.gov/LawBook/Documents/SPS_Documents/SPS_2017.01... "An unlicensed assistant shall not perform the following activities: - Perform a walk-through inspection or Tenant Vacate Inspection - Provide advice or negotiate with anyone regarding a property Pursuant to A.R.S. 32-2165(B) A person who performs acts that require a license under this chapter, other than a broker’s or salesperson’s license, without being licensed as prescribed by this chapter is guilty of a class 5 felony." Arizona is not unusual in this regard. I helped build a publicly-traded REIT with an internal manager and worked with general counsel on these issues. Some of the laws seem silly but if you can do what a property manager does then what's the point of having property managers be licensed? And I for one think they should be. People complain of property managers now but imagine if there was zero training or licensing. I also deal with HOAs, which require no training or licensing, and they make property managers look like geniuses. They manage HOAs when they don't even know their own CC&Rs, let alone the law. |
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