![]() A few states such as Idaho, Maine, and Vermont do not require property managers to have real estate licenses. In the united states, states such as Texas, New York, and Colorado, make it mandatory for rental property companies to be licensed real estate brokers if they are going to be involved in collecting rent, listing properties for rent, helping to negotiate leases and doing inspections as required by their business.Īlthough a property manager may be a licensed real estate salesperson but generally, they must be working under a licensed real estate broker. ![]() Rental property business is grouped under the Apartment Rental industry and this industry is made up of companies that rent one-unit structures, two- to four-unit structures, five- to nine-unit structures, 10- to 19-unit structures, 20- to 49-unit structures and 50- or more unit structures.
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