Property Management requirements 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. However, until 1988, when the Missouri Real Estate Commission began requiring the use of trust and escrow accounts in property management, there was little consistent enforcement. 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 manager have a broker's license?
YES. For example, the requirement does not apply to people, businesses or lessees managing their property, or to their regular employees. In addition, 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.
Before hiring a property manager to manage your Missouri rental property, you should always check that he or she is licensed appropriately. You can check the license status of Missouri property managers at the Missouri Real Estate Commission's License Search.
Missouri Community Association Management Licensing
There is no requirement that a Missouri community association manager or condo association manager hold a real estate broker's license.
Missouri Real Estate Broker Licensing Requirements
Missouri real estate broker licensing requirements include:
Missouri Real Estate Salesperson Licensing Requirements
Missouri real estate salesperson licensing requirements include:
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.