How do you get the license to a property?

How to Get a Real Estate Property Manager's License

• Answer:

  A property manager can lease apartments, collect rent, evict tenants, garnish wages and manage multiple properties. A savvy property manager can make a very good living in this field. Requirements to obtain a property manager's license vary from state to state. Once you determine your specific state requirements, you can begin the process of getting your license. There are basic and universal requirements for this task. Difficulty: Moderately Challenging Things You'll Need High school diploma or general equivalency diploma Instructions Complete a state-approved property management course. Some states, like Oregon and Iowa, require the candidate to take a 60-hour real estate property management course. Residents of Missouri are required to take a 48-hour sales course followed by a 24-hour practice course. Submit two forms of identification and fingerprint cards to be used for a criminal background check, as well as a processing fee. Most states have a real estate association or agency that requires these items. An example of an agency would be the LREC or the Louisiana Real Estate Commission. Complete coursework such as Buying Practices, Listing Practices and Developing Professionalism and Ethical Practices. These classes are required in states such as Iowa before a person can obtain a real estate property management license. Candidates need to complete 12 hours of each class for a total of 36 hours toward their real estate property management license. Delaware requires applicants for a real estate license to complete a 99-hour broker's course offered by the Delaware Real Estate Commission. Louisiana requires 150 hours of real estate property management coursework. Pass the real estate property management exam. Most states require a score of 75 percent or better. Some states, such as Oregon, require applicants to take the real estate agency's exam, while other states, such as Iowa, require applicants take and pass state and national portions of the examination. In most states, the exam is available by appointment. Obtain errors and omissions insurance. Many states will require this. Obtain a broker's license. Many states, such as Texas, require a property manager have a real estate broker's license to lease or list real estate, and negotiate or accept rent payments.