Idaho property management license laws stipulate that, since 1981, a real estate license is not required for property management, unless the property is intended for sale. To obtain such a license, one must be at least 18 years old, have a high school diploma or a GED, and have no felony convictions or revoked licenses, unless an exemption is granted. Licensing is not reciprocal; people licensed in other states must apply for an Idaho license, although they may be granted an exemption for compliance with Idaho law. It might surprise you to learn that not all states require a license to become property manager.
Idaho, for example, is one of five states that only require a person to be 18 or older and have a high school diploma to manage property for others. Many states don't require you to have a license if you manage properties you own or if you're going to sell your own home on Airbnb. Successful property managers are experts at finding clients, marketing properties, showing them to potential tenants, and closing lease agreements. Property owners and managers have the right to check an applicant's criminal record; however, it's not a legal requirement.
Most states require that people who participate in property management activities have a real estate broker's license. The following guide has been prepared with property managers and landlords in mind and is intended to provide an overview of Idaho property management laws. Other states (such as Montana, Oregon, and South Carolina) allow property managers to work with a property management license instead of a broker's license. However, the vast majority of states require a property manager who engages in rental and leasing activities to have a real estate broker's license or to be a real estate seller working for a real estate broker.
It's also important to note that in order to receive your license in most states, you'll have to pass a criminal background check. In conclusion, Idaho property management laws are designed to protect the rights of both landlords and tenants. Consider joining a professional organization for property managers, such as the National Association of Residential Property Managers or the Institute of Real Estate Management, for access to training, resources and networking opportunities. Therefore, property management companies and landlords that operate properties in multiple states may struggle to adjust their operations to fit each state's specific laws and regulations.
Most real estate licensing education providers cover the basic principles and requirements for being a property manager. This is confusing to some, because many state real estate laws don't even mention the words property management. Generally, the requirements for obtaining an administrative broker license are stricter than for being a regular broker; for example, to be a managing broker, applicants often have to take a broker management course and answer additional management questions on the license exam. It references the original laws of the Idaho legislature and provides information on licensing laws, as well as on the rights and responsibilities of property managers and landlords.
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