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In which situation is an on-site property manager exempt from licensing requirements?

When managing commercial properties

When negotiating apartment leases

An on-site property manager is exempt from licensing requirements when providing tenant referrals. This exemption recognizes that the act of referring tenants does not involve the negotiation of rental agreements or engagement in activities typically reserved for licensed real estate agents. Tenant referrals generally include tasks like recommending potential tenants or suggesting properties without engaging in lease negotiations.

In contrast, managing commercial properties typically requires a licensed professional due to the complexities involved in commercial leasing. Negotiating apartment leases would definitely necessitate a real estate license as it involves binding agreements, while handling property maintenance, while crucial to property management, also does not fall under activities requiring a real estate license. However, these tasks are more directly related to the operational and management aspects of a property rather than the legal and transactional facets inherent in lease negotiations.

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When providing tenant referrals

When handling property maintenance

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