Property Management
An Iowa property manager who manages residential rental property for others for compensation must hold:
AOnly a property management certificate
BAn Iowa real estate license (salesperson or broker)✓ Correct
CA business license from the city only
DNo license if managing fewer than 10 units
Explanation
Iowa Code Chapter 543B requires property managers who manage real property for others for compensation to hold an Iowa real estate license. This includes leasing, rent collection, and maintenance coordination activities performed for a fee.
Related Iowa Property Management Questions
- Iowa property management licensing requirements exist because property managers who:
- Iowa's tenant protection against retaliatory rent increases requires that a rent increase within what period after a tenant exercises a legal right creates a presumption of retaliation?
- Under Iowa's URLTA, how many days does a landlord have to return a tenant's security deposit after the tenant vacates?
- Under Iowa's Uniform Residential Landlord and Tenant Act (URLTA), a landlord must maintain rental property in a condition that:
- A property manager's fiduciary duty to the owner includes which of the following?
- In Iowa, the maximum security deposit a landlord may collect for an unfurnished residential unit is:
- An Iowa landlord may deduct from a tenant's security deposit for which of the following?
- A gross lease requires the tenant to pay:
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