HIRING A PROPERTY MANAGER

Realtor property management

"REALTOR? property management" is a property management business overseen, or controlled in full or in part by a REALTOR?, also known as a member of the National Association of REALTORS? (NAR). While commonly interchanged with the term "real estate broker" or "real estate agent," REALTOR? is a trademarked title technically reserved for members of the NAR.

A REALTOR? can have many different occupations within the real estate arena. In fact, the NAR supports and encourages all types of real estate occupations including real estate agents, property managers, mortgage bankers, appraisers, real estate counselors and other niche occupations within the industry.1 In addition, NAR members can earn professional designations from the association itself or nine of its affiliated programs; these designations appear as letters or acronyms after their names.2

In short, property management REALTORS? generally have extensive professional training and experience; however, it is always a good idea to do some research prior to signing a management contract with anyone. Don"t be afraid to request quotes from companies or interview managers before selecting someone to manage your investment property.

1National Association of Realtors website. Accessed August 3rd, 2009. :
http://www.realtor.org/realtororg.nsf/pages/careers
2National Association of Realtors website. Accessed August 3rd, 2009. :
http://www.realtor.org/realtororg.nsf/pages/AboutUsDesignations?OpenDocument
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