Property Management Laws by State
Must a Florida property management company have a real estate broker's license?
YES. Key components of property management (renting and leasing) are considered a real estate activity under existing Florida real estate licensing laws. A property manager needs broker license if he or she is paid by commission, and is handling rentals and leases for others. No license is required for managing personally owned properties. There is not a "Property Manager" license or certificate. Also, certain rental properties need a license through the Div. of Hotels and Restaurants.
Are there any exceptions to the requirement that a Florida property manager have a broker's license?
YES. For example, if a property owner employs someone to manage their property, and that employee is paid a salary, as opposed to being paid a commission or on a transactional basis, a broker's license is not required.
For more information about these and other Florida property management requirements and exceptions, please contact the Florida Real Estate Commission.
Before hiring a property manager to manage your Florida rental property, you should always check that he or she is licensed appropriately. You can check the license status of Florida property managers at the Florida Department of Business and Professional Regulation's Licensee Search webpage.
More Property Law: Evictions & Security Deposits
Looking for more property law information? Explore eviction laws and security deposit laws for property management.
Must Florida community association managers have a real estate broker's license?
No. However, a Community Association Manager license is required if someone receives compensation for providing management services for the following types of associations:
- An association with ten or more units
- An association with a budget of $100,000 or greater
For more information on the Community Association Manager license, please contact the please contact the Florida Real Estate Commission.
Florida Real Estate Broker License Requirements
Florida real estate broker licensing requirements include:
- Age: Must be at least 18 years of age
- High School: Must have a high school diploma or equivalent
- Experience: Must have held a current real estate sales associate license for at least 24 months during the 5 year period immediately preceding becoming a licensed broker
- Education: Successfully complete a Florida Real Estate Commission approved pre-licensing course for brokers, consisting of 72 classroom hours and covering specified topics. Courses are valid for licensure purposes for two years after completion. In addition, successfully complete a FREC-approved post-licensing course for brokers, consisting of 60 classroom hours before the initial broker license expires.
- Exam: Pass the Florida Real Estate Broker Examination with a grade of at least 75
- Fee: $115 ($20 application fee; $90 license fee; $5 unlicensed activity fee)
- Application: Complete and submit broker license application which is available online
Florida Real Estate Salesperson License Requirements
Florida real estate salesperson licensing requirements include:
- Age: Must be at least 18 years of age
- High School: Must have a high school diploma or equivalent
- Education: Successfully complete a Florida Real Estate Commission 63-hour sales associate course
- Trustworthiness: Must be of good moral character; must have a background check and submit fingerprints
- Exam: Pass the Florida Real Estate Sales Associate Examination with a grade of at least 75
- Fee: $105
- Application: Complete and submit sales associate license application which is available online
Florida Community Association Manager License Requirements
Florida community association manager licensing requirements include:
- Age: Must be at least 18 years of age
- Education: Must complete at least 18 hours of pre-licensure education from an approved provider
- Trustworthiness: Must be of good moral character; must have a background check and submit fingerprints
- Exam: Pass the CAM exam. The exam fee is $73.00
- License fee: $105
- Application: Complete and submit CAM license application which is available online
For more information about these and other Florida licensing requirements, please contact the Florida Real Estate Commission.
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Sure, the article touches upon various concepts related to property management laws, real estate licensing, and requirements in Florida. Here's a breakdown of the key concepts covered:
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Property Management and Real Estate Broker's License in Florida:
- Property management activities involving renting and leasing are considered real estate activities in Florida.
- A property manager handling rentals and leases for others on a commission basis requires a broker's license.
- Managing personally owned properties does not require a license.
- Exceptions exist: If someone is employed by a property owner, paid a salary (not commission-based), a broker's license might not be required.
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Florida Community Association Manager's License:
- A Community Association Manager license is mandated for managing certain types of associations based on unit count and budget thresholds.
- Specific criteria for obtaining this license are highlighted, including age, education, and examination requirements.
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Real Estate Licensing Requirements in Florida:
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Details regarding the prerequisites for obtaining a real estate broker's license:
- Age requirement (at least 18 years old)
- High school diploma or equivalent
- Experience as a real estate sales associate for 24 months within a specified period
- Completion of pre-licensing and post-licensing courses
- Passing the Florida Real Estate Broker Examination
- Application and associated fees
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Similar details are outlined for obtaining a real estate salesperson license and a Community Association Manager license, each with their specific criteria.
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Further Resources and Blogs:
- Information about seeking more details from the Florida Real Estate Commission.
- Links to blogs offering advice and tips for property management, hiring property managers, and an investor's guide to managing rental properties.
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Related Resources and Useful References:
- Information on HOA management, rental property maintenance, property investment books, and strategies to reduce rental property investment risks.
This article provides a comprehensive overview of property management laws, licensing requirements, and related information pertinent to Florida, catering to individuals involved in property management or seeking information about real estate licensing in the state.
