Broker representation for property management Property Management is associated with /characterize as a Real Estate activity in most states, which requires that the property management company have a Designated Broker or Broker of Record. You will however require more than just a license and that is where our company comes into play. Designated Broker Of Record will be your partner in becoming properly licensed and compliant in the states you operate while helping you maintain that compliance moving forward. About Designated Broker Of Record Designated Broker of Record is aimed at helping you conduct your property management business by serving as your Designated Broker for all your commercial properties in the tri- state areas; New York, New Jersey, Pennsylvania and North Carolina.