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The Council is responsible for determining what is appropriate education in real estate matters for individuals seeking to be licensed as real estate practitioners and arranging for licensing courses and examinations as part of the qualification requirement for licensing. A wrongful action may be deliberate or may be the consequence of inadequate exercise of reasonable judgment by a licensee in carrying out their duties and responsibilities. The Council is responsible for ensuring that the interests of consumers who use the services of real estate licensees are adequately protected against wrongful actions by the licensees. The Council also enforces entry qualifications, investigates complaints against licensees and imposes disciplinary sanctions under the Act. The Council is responsible for licensing individuals and brokerages engaged in real estate sales, rental and strata property management. Its mandate is to protect the public interest by enforcing the licensing and licensee conduct requirements of the Real Estate Services Act. The Real Estate Council of British Columbia is a regulatory agency established by the provincial government in 1958. The licensing of property managers is regulated by the provincial government and licensing by the BC Real Estate Council (RECBC). In some cities, the Provincial Legislation is supplemented by City by-laws. #Centurion real estate management codeOther than specific laws in each Province and Territory governing these matters, they are governed by English Common Law, except in the Province of Quebec where the Civil Code is used in place of English Common Law. In most cases any person or company can offer property management services, and there are licensing requirements. Each Province and Territory makes its own laws on these matters. In Canada, the laws governing property management and landlord/tenant relations are, generally speaking, a Provincial responsibility. In recent year property management in Australia has changed from a brick and mortar business to virtual online. Additionally tenants are checked against the National Tenancy Information Centre of Australia which records details of defaulting tenants. Īll tenancy applications received are reference checked inclusive of identification, means of income, previous tenancy references and workplace references. (There may be exceptions like managing an extremely small property for a relative.) In South Australia, if you run a property management business, you must be a registered land agent. ![]() The purpose of this regulation is to ensure that a property manager is as well-prepared for the job as possible. #Centurion real estate management licenseTherefore, it is a necessity that a property manager is current with applicable municipal, county, state, and Federal Fair Housing laws and practices.Įvery state of Australia except South Australia require a proper license in order to manage a property. Special attention is given to landlord/tenant law most commonly, evictions, non-payment, harassment, reduction of pre-arranged services, and public nuisance are legal subjects that gain the most attention from property managers. Although a person will be responsible for this in their job description, there may be an attorney working under a property manager. ![]() ![]() Litigation is sometimes considered a separate function set aside for trained attorneys. This profession has many facets, including managing the accounts and finances of real estate properties and participating in or initiating litigation with tenants, contractors, and insurance agencies. The company will then coordinate any maintenance issues, supply the owner(s) with financial statements and any relevant information regarding the property, etc. The company will then advertise the rental property, handle tenant inquiries, screen applicants, select suitable candidates, draw up a lease agreement, conduct a move-in inspection, move the tenant(s) into the property and collect rental income. #Centurion real estate management professionalProperty management involves the processes, systems, and workforce required to manage the life cycle of all acquired property as defined above, including acquisition, control, accountability, responsibility, maintenance, utilization, and disposition.Īn owner of a single-family home, condominium, or multi-family building may engage the services of a professional property management company. Property management is the management of personal property, equipment, tooling, and physical capital assets acquired and used to build, repair, and maintain end item deliverables. This is much akin to the role of management in any business. Management indicates the need for real estate to be cared for and monitored, with accountability for and attention to its useful life and condition. This can include residential, commercial, and land real estate. Property management is the operation, control, maintenance, and oversight of real estate and physical property. ![]()
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