Should you sell your property management company before surrendering your real estate license?

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The BRE is responsible for auditing California real estate property management companies. When they do, they might uncover trust accounting violations, and other serious legal compliance violations. When this happens, a formal accusation could be filed, or sometimes a "cite and fine" up to $2,500.

If you are facing a decision of whether to challenge the accusation or challenge and contest the cite and fine, and possible considering whether or not to sell your property management company you should discuss your position with an experienced business and real estate law firm that can help you not only with the real estate compliance issues, but also with the sale of business issues including non-compete agreements.

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