What type of license does a resident manager of an apartment complex require?

Prepare for the AREC Arkansas Broker Exam. Study with flashcards and multiple choice questions, each question offers hints and explanations. Get ready for success!

A resident manager of an apartment complex typically does not require a real estate license to perform their duties. The role usually involves overseeing the day-to-day operations of the property, such as managing tenants, handling maintenance issues, and collecting rent, none of which involve activities that necessitate a licensed real estate professional.

State laws generally outline that property management companies may employ resident managers without requiring them to be licensed, despite their significant responsibilities. Since the manager's activities are contained within the property they are managing and do not extend to negotiating leases or selling properties for others, the requirement for a license is waived. This is important because requiring a license would place unnecessary regulatory burdens on property management practices, which are often handled directly by owners or their designated staff.

In contrast, activities that require a license generally include those that involve representation in real estate transactions that impact outside parties, such as sales or leasing for multiple owners, which is not typically the case for resident managers.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy