Property Management requirements in Iowa
Must Iowa property management companies have a real estate broker's license?
Yes. Key components of property management (renting, leasing and collecting rent) are considered real estate activities under existing Iowa real estate licensing laws. According to statute, if a property manager is going to lease, rent, manage, list, collect rent, procure prospects or negotiate, assist, prepare residential rental agreements, 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 rule that an Iowa property manager have a broker's license?
Yes. For example, resident managers are exempt.
Before hiring a property manager to manage your Iowa rental property, you should always check that he or she is licensed appropriately. You can check the license status of Iowa property managers at the Iowa Online License Verification System.
Must Iowa community association managers have a real estate broker's license?
NO. A broker's license is not required to manage community associations in Iowa.
Iowa Real Estate Broker Licensing Requirements
Iowa real estate broker licensing requirements include:
Iowa Real Estate Salesperson Licensing Requirements
Iowa real estate salesperson licensing requirements include:
For more information about these and other licensing requirements please contact the Iowa Real Estate Commission.
IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current law in your state. To confirm the specific requirements for each state, please contact your state real estate commission.