Each state has different requirements for licensing in the field of property management. I would go to the website for the state you are interested in and see what minimum requirements are. Typically a valid real estate license is required. In Tennessee, this is all that is required, although there are many benefits to having property management certification and being a part of professional organizations in this field. Property Managment is not a position to take lightly. There are many skills required, including 1)reference checking, 2)credit history checking and interpretation, 3)management of receipts, expenses and deposits, 4)collection of rents, past dues and evacuations, 5)forced removal of tenants, 6)laws of Equal Housing, and 7)the mechanical maintenace and repair issues. This is an excellent field of expertise, or can be included in residential real estate careers.

Richard Harvey, Broker
Priority Partners Realty
Murfreesboro, TN
615-895-5866

Wed May 21 2008, 12:25

Emily

License Requirements
Whether a property manager requires a real estate license depends on his or her activities in that role. Section 475.01, Florida Statutes, defines broker as “…someone who for another, and for valuable compensation...rents, or offers, attempts or agrees to ... negotiate the … rental of… any real property… or who advertises or holds out to the public … that she or he is in engaged in the business of … leasing, or renting … real property … or who takes any part in the procuring of … lessors, or lessees… .”

Based on this definition, anyone who wants to advertise or offer for lease, negotiate the lease, and engage in the business of leasing must have a real estate license. If the property manager, for another and for valuable consideration, is going to procure the buyer, advertise the property for rental, or negotiate the rental, then a real estate license is required. All real estate activity is to be handled through the real estate company and broker.

Home this helps

Cathy Sloan
RE/MAX Specialists
Jacksonville, Florida

Wed May 21 2008, 12:09

You'll need a real estate license and a CAM license. The CAM license is what is needed to manage properties. If you do a quick Google search of CAM license, you'll find information right at the top of the search results =)

Wed May 21 2008, 08:16