To become a property manager in Utah, an applicant must have a real estate license. The person may be a “real estate broker” or a “salesperson” who works under the supervision of a broker. The applicant must be at least 18 years old, complete 120 hours of pre-licensing courses, pass the seller exam, pass a background check, and submit an application and licensing fee to the Utah Division of Real Estate. Pearson VUE administers the licensing exam for Utah real estate sales agents.
This test consists of two parts, covering state and national requirements. For more information, see the Pearson VUE candidate newsletter. You may also consider taking the following courses to gain knowledge of property management. If you do your job correctly, which should be too definite before you start managing someone's investment, then you're dealing with people who react to their situation (which can become very personal for her, since it's in her home).
As a property manager, your duties may include finding and evaluating potential tenants of a property and negotiating the terms of the lease. With the rise of online rental applications and environmental health and safety requirements, it's important for property managers to stay up to date with real estate laws and best practices. If you're planning to run your own property management company, this can be an excellent referral source for your business. Instead of asking you to reinvent wheels, an established property management company can show you a standard procedure for working with clients effectively.
In addition, you must have a separate trust account for property management transactions and for real estate transactions. In the early phase of your career in property management, you could work as an assistant to a property manager. According to the Utah Division of Real Estate, a person must have a real estate license to participate in property management activities for another person, including advertising real estate for lease or rent, hiring potential tenants or tenants, negotiating lease or rental terms, executing lease or rental agreements. There, you can learn about the essential rules that apply to your real estate activities, such as licensing requirements, the use of personal assistants, and advertising requirements and restrictions.
This allows you to connect with other property managers, learn from their valuable experience and share ideas with each other. Even though they are not part of the pre-license education requirement, your improved knowledge will help you set yourself apart from others in the industry. As you gain the necessary skills, instead of working for someone else, you might consider getting a real estate broker license and starting a property management company.
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