Property Management
In Missouri, a property manager must have a real estate broker's license if they:
AOnly collect rent
BLease, manage, or negotiate real estate transactions on behalf of others for compensation✓ Correct
CPerform maintenance
DOnly advertise properties
Explanation
Chapter 339 RSMo requires a real estate broker's license to lease, manage, or negotiate real property transactions on behalf of others for compensation. Maintenance and bookkeeping alone may not require a license.
Related Missouri Property Management Questions
- In Missouri, 'actual eviction' occurs when a landlord:
- A Missouri residential lease provides for automatic renewal. To prevent automatic renewal, the tenant typically must provide notice:
- Which Missouri law governs residential landlord-tenant relationships?
- Under Missouri law, the maximum security deposit a landlord may collect for a residential lease is:
- Missouri law limits residential security deposits to a maximum of:
- Under Missouri law, a commercial tenant's 'covenant of quiet enjoyment' protects the tenant from:
- A Missouri property manager receiving a 'notice of pending judgment lien' against a property owner should:
- The capitalization rate for a Missouri commercial property rises. This generally means property values:
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →