How to become a property manager in Kansas

How to become a property manager in Kansas

San Jose, CA · Member since 2017 · 6 posts · 2 votes

Hello BP!

I have been a passive reader on the forum for a couple of months now, and feel it's time to post my first post.

Posting on behalf of a friend, who lives in Kansas and is planning to become a property manager.

On the link here: https://www.allpropertymanagem...

It says that one doesn't need a RE broker's license if they are managing a residential property.

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Therefore, a real estate broker's license is not required if the property being rented out or leased is a residential property. A license is required if the property is commercial. A salesperson working under a broker may engage in such activities.

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Does that mean, he can just setup an LLC, and manage properties, list and show properties to prospective tenants, collect payments, etc?

After researching on the BP forum, Some of the posts around property management mentioned, that if you are collecting payments for property management services rendered, you do need a RE broker license. Working without a license is illegal. This contradicts what is in the link above.

I would really appreciate it if someone can clarify this for us?

My second question is: In case he does need to get a RE broker license:https://www.theceshop.com/kans...

The above link step (5) requires you to find a sponsoring broker (or a RE firm) under which you would need to work for 2 years before you can apply for a RE broker license. Does this also apply to someone who just wants to run his own property management firm, and not do a job?

TIA!

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Nathan GesnerBusiness Member
Moderator
Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
5y

Correct. He must work under a broker until he gains the necessary amount of experience and education.

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  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    5y

    I think that answer is poorly written. I believe they are saying you need a BROKER license if you are managing commercial property. You need a salesperson license if you are managing residential rentals. A salesperson has to work under a Broker.

    Contact the real estate commission for the formal answer. https://www.krec.ks.gov/

    The DIY Landlord Book4.7248 Reviews
  • San Jose, CA · Member since 2017 · 6 posts · 2 votes
    5y

    [You need a salesperson license if you are managing residential rentals. A salesperson has to work under a Broker.]

    @Nathan Gesner Thank you for the quick response! 

    If I am understanding this correctly,
    Once he gets the salesperson's license https://www.krec.ks.gov/licens...

    Can he set up his own property management firm? or does he still needs to work under a Broker?

    See point(6) which says you need to affiliate with a licensed Kansas RE broker. Does that mean he still needs to work under a RE Broker for 2 years? What does affiliation here mean?

    TIA!


  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    5y

    Yes, he would work under a Broker for X years until he can get his own Broker's license. Once he has his own Broker license, then he can break off and set up his own company.

    The DIY Landlord Book4.7248 Reviews
  • San Jose, CA · Member since 2017 · 6 posts · 2 votes
    5y

    @Nathan Gesner What if he doesn't want to become a broker :) . He just wants to run a property management firm, and manage some residential investment properties. Does he still need a broker's license (and work under a broker for X years)? 

  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    5y

    He doesn't have to upgrade to a Broker license. However, he has to work under a Broker if he doesn't upgrade and set up his own company.

    The DIY Landlord Book4.7248 Reviews
  • San Jose, CA · Member since 2017 · 6 posts · 2 votes
    5y

    @Nathan GesnerIn short, he cannot start/run a property management firm unless he works under a broker and gains RE experience under that broker?

  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    5y

    Correct. He must work under a broker until he gains the necessary amount of experience and education.

    The DIY Landlord Book4.7248 Reviews
  • San Jose, CA · Member since 2017 · 6 posts · 2 votes
    5y

    @Nathan Gesner Thank you!

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