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Property Management Licensure

A Sales Agent or Broker license is required for any individual who, for another and for valuable consideration, engages in property management including advertising real estate for lease or rent, procuring prospective tenants or lessees, negotiating lease or rental terms, executing lease or rental agreements. A licensed Sales Agent and Associate Broker engaging in property management must be affiliated and supervised by a Principal Broker. The licensing requirement does not apply to an owner who manages his or her own property, an employee for one property owner, apartment managers who reside in the apartments at reduced rent, full-time salaried employees of a Homeowners Association, hotel or motel management, or management activities associated with rental accommodations for a period of less than 30 consecutive days.

Prior to opening a property management company, a Broker must submit to the Division:

  • Completed and signed Real Estate Company/Branch Registration along with this checklist .
  • A Change Card for licensee affiliating with the Property Management Company.
  • Certificate of Existence from the Utah Division of Corporations showing the company is current and in good standing.
  • Notarized letter on the company‚Äôs letterhead, signed by a company Officer, Manager/Member or Owner, authorizing the Broker to use the company name.
  • Documentation from a financial institution less than 30 days old verifying a property management trust account on which the Broker is a signatory.
    Note: the Broker must have separate trust accounts for the property management company and the real estate company.
  • $200 non-refundable fee.