Licensing

Property Management Licensing

Did you know?

Most states regulate property management by including management functions such as leasing, offers to lease, negotiating leases, renting, collecting rent, etc., as covered real estate activities. In many cases, property managers who do not engage in leasing or renting activities are exempt from licensure.
States that license property management by including leasing and renting activities as covered practices also include leasing and renting questions on state exams.
Many states exempt on-site residential managers from license requirements as long as they do not engage in leasing activities

Property Management Licensing Report

IREM Legislative White Paper: Property Management Licensing Report

Real Estate Licensing

All states have real estate licensing regulations, and most states require a real estate license in order to practice third-party real estate management. The specific regulations governing real estate licenses vary from state to state and position to position. Real estate licensing agencies often require specific education and passing an examination to obtain the license at the outset, plus continuing education to maintain the license.

Check with your state’s real estate licensing agency for the licensure requirements in your state.