If you are employed exclusively to act as a management agent for a real estate of one entity, what is the requirement regarding a real estate license?

When someone is employed exclusively as a management agent for a real estate property owned by a single entity, a real estate license is not required. In this specific scenario, the individual acts on behalf of the entity for the purpose of managing the property, rather than engaging in activities that would typically require a real estate license, such as representing clients in transactions or negotiating deals.

In many jurisdictions, property management for a single owner or entity falls under the category of agency without the need for licensure, as long as the individual is not engaging in broader real estate transactions that involve multiple clients or properties. Therefore, the requirement for a license is waived in this case, simplifying the process for the management agent who exclusively represents one entity.

This context is crucial as it distinguishes the specific duties of a property manager from activities that are generally governed by licensing laws in real estate. In contrast, managing multiple properties or acting on behalf of multiple clients typically requires licensure to ensure that the agent is qualified to handle various legal and financial responsibilities.