Property Management

The 2025 General Session saw the enactment of House Bill 337, which created a new license classification for property managers. Subsequent adjustments were made during the First Special Session with the passage of House Bill 1002.

Importantly, House Bill 1002 clarified that an individual licensed as a principal broker, associate broker, sales agent, or property manager may engage in, or offer to engage in, property management on behalf of another person for consideration. In short, the legislation clarifies that property management remains within the scope of practice for principal brokers, associate brokers, and sales agents.

A committee formed by the Real Estate Commission continues to work diligently to formulate a proposed administrative rule for property management for consideration by the Commission and the Division.

The Division will make the application for this property manager license available on the effective date of July 1, 2026. Additional information and application materials will be available on the Division’s website as the effective date approaches.