Property management is a profession that pertains to management of real estate infrastructures which includes residential and commercial real estates. Every country has its own system of property management. In some countries, this profession is open to anyone without any professional requirements but some countries have a regulated system of licensing for property management. The license is issued the individuals or firms who or that meet the eligibility criteria and necessary qualification to become a licensed broker. The United States is one of these countries which has partial regulatory property management. By partial means that its applicability is limited to certain states.
Property management regulations in Georgia
Georgia is one of the American states where property management is controlled by Georgia Real Estate Commission & Appraisers Board which deals with property brokers’ licensing, education, training, and appraisals. Every property manager Hinesville GA employed by any real estate firm in Georgia must be an eligible individual and hold certification from Georgia Real Estate Commission & Appraisers Board. The regulations are equally applicable to full-time as well as part-time employments in this profession. This ensures the property managers to work in most efficient manner with thorough knowledge of state laws when dealing with sale, purchase, maintenance, leasing, and rentals in Hinesville GA.
Powers of the Commission
Georgia Real Estate Commission & Appraisers Board is entrusted with powers not only to grant license but also deactivate any license if some violation is detected at any stage or a property broker or individual is found to be ineligible due to some reason. The Commission can stop anyone from practicing without a valid license. The Commission is fully authorized to impose a fine to the extent of US$ 1,000 for every transaction for which violation has been confirmed. This fine can be extended to additional US$ 1,000 per day depending on severity of the violation.