YES. Key components of property management (renting, leasing and managing) are considered real estate activities under existing Indiana real estate licensing laws. If a property manager is going to lease, rent, manage, list, or negotiate or offer to perform any of those acts, he or she will need a real estate license.
Yes. For example, an individual involved in the renting of residential apartment units need not be licensed if he or she is employed or supervised by a licensed broker. Also, the license requirement does not apply to the rental of residential apartment units by a person employed or supervised by a licensed broker.
For more information about these and other Indiana property management requirements and exceptions, please the Indiana Real Estate Commission.
Before hiring a property manager to manage your Indiana rental property, you should always check that he or she is licensed appropriately. You can check the license status of Indiana property managers at the Indiana Online Licensing website.
NO. A broker's license is not required to manage community associations or condo associations in Indiana.
Indiana real estate broker licensing requirements include:
Indiana real estate salesperson licensing requirements include:
For more information about these and other licensing requirements, please the Indiana Real Estate Commission.