Clair-sur-Elle Homes, LLC
Property Management Laws per State
Property Management Laws in Kansas
Must Kansas property management companies have a real estate broker's license?
IT DEPENDS. Key components of property management (renting and leasing) are considered real estate activities under existing Kansas real estate licensing laws as they apply to nonresidential property only. Therefore, a real estate broker's license is not required if the property being rented out or leased is a residential property. A license is required if the property is commercial. A salesperson working under a broker may engage in such activities.
Are there any exceptions to the requirement that Kansas property managers of commercial property have a real estate broker's license?
YES. For example, if that property manager owns 5% or greater in the business or association that owns the commercial property, a real estate broker's license is not required.
For more information about these and other Kansas property management requirements and exceptions, please contact the Kansas Real Estate Commission.
Property Management Laws in Missouri
Must Missouri property management companies have a real estate broker's license?
YES. Leasing has always been considered a real estate brokerage service under Missouri real estate licensing laws. If a property manager is going to lease, rent, list, procure prospects or negotiate, assist, or offer to perform any of those acts, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.
Are there any exceptions to the requirement that a Missouri property managers have a broker's license?
YES. A license is not required of people hired to manage real property, as long as they are limited to certain activities, such as receiving and delivering leases and lease applications, showing units under the broker or owner's instructions, and engaging in administrative or clerical tasks.
For more information about these and other Missouri property management requirements and exceptions, please contact the Missouri Real Estate Commission.
