Managing property for a trust

[kheaver]

If a trust has some properties with a corporate trustee.
Can I legally as a director of the trustee manage the properties.

I was just thinking that technically as I'm not the owner, can I manage a property for someone else without being a licensed real estate agent.
I'm in W.A.

Thanks
Kim

 

[paulzag]

Read your trust deed.

Normally a Trustee can be reimbursed for expenses in managing the assets of the trust. Your salary/fees are in the capacity of employee or director of the trustee. This shouldn't have anything to do with local Real Estate Industry laws.

Regards

Paul Zag
Dreamspinner

 

[kheaver]

The trust side of things is ok, I was really questioning the real estate side of things.
You can't sell real estate for someone else without a license, is there anything to stop you from managing properties for someone else?

Thanks,
Kim

 

[paulzag]

I guessed you were asking about the real estate side. But most people don't realise that a trust (or a company) makes the real estate side irrelevant.

I also think there is nothing to stop someone employing a property manager as an employee. But there are state-by-state rules on whether unlicensed residential property managers are allowed to operate a business.