Property Management requirements in District Of Columbia

Must District of Columbia property managers have a real estate broker's license?

NO. The District of Columbia is unique in that a broker's license is not required of a property manager UNLESS he or she will be performing any activities that relate to the purchase, sale or exchange of the property, or negotiating a loan on the property. Property managers, however, must pass the DC property managers exam.

According to DC law, a "property manager" means an agent for the owner of real estate in all matters pertaining to property management. "Property management" is the leasing, renting or offering to lease or rent, managing, marketing, and the overall operation and maintenance of real estate. The term includes the physical, administrative, and fiscal management of any real property serviced by a licensee, or his or her employee or agent.

Must District of Columbia community association managers have a real estate broker's license?

NO. A broker's license is not required to manage community associations in the District of Columbia.

District of Columbia Property Manager Requirements

There are no pre-licensing requirements for property managers. However, there are some eligibility requirements:

• Able to read, write and understand English;
  
  
• Pass the DC Property Managers Exam;
  
  
• High school graduate or holder of a high school equivalency certificate;
  
  
• Has not had an application for a property manager's license denied, for reasons other than failure to pass the required examination, in DC or elsewhere, within one year prior to the date on which the application is filed;
  
  
• Is not on license suspension on date the application is filed;
  
  
• Has not had property managers license revoked within 3 years prior to the date the application is filed.

Real estate brokers licensed in the District are deemed to have satisfied the educational and examination requirements for licensure as property managers.