2 weeks ago
Can any one help me?
I am a newbie to hosting and loving every minute of it. I am struggling to find out if I am legally required to have a Real Estate Licence to be a host and receive a reward/fee for hosting another persons property. Having done some research the cost of obtaining and registrating a licence is extremley expensive.
I approached Office of Fair Trading and was adviced that I am required to have a full Real Estate Licence, I have no desire to let or sell property so fail to understand why this is the case.
Is there anyone out there who could shed any light on this matter, I want to expand, but legally of course. Or is there a way around this?
Any help would be greatly appreciated.
Many thanks, Nicola
2 weeks ago - last edited 2 weeks ago
Each country is different. France is easy with cities under 500 000 people, Spain : Don't even talk about hosting for less than 30 days in cities like Barcelona for instance. Especially right now.
2 weeks ago
You need to find out the rules in your area - from Federal down to state/city/HOA/lease level. Without knowing where you live, we don't know what laws apply.
In my state (MI), all I needed was a Tourist home permit from the city and a business registration (so I could pay use tax) at the state level. Hosting in my own home needs no Real Estate license, but I could see how hosting for others could classify as a property management business, which does. You may see if there are thresholds under which a license isn't required (ie. if only hosting 3 properties). It also looks like an unlicensed person can work under the supervision of a licensed broker, so that could be an option if it's required in your area.
I found the Small business development Center (SBDC) really helpful in finding regulatory info.