Are you interested in becoming a property manager in Utah? If so, you'll need to obtain a real estate license. The Utah Division of Real Estate requires applicants to be at least 18 years old, complete 120 hours of pre-licensing courses, pass the seller exam, pass a background check, and submit an application and licensing fee. Pearson VUE administers the licensing exam for Utah real estate sales agents. This test consists of two parts, covering state and national requirements.
In addition to obtaining a real estate license, it's important to gain knowledge of property management. This can be done by taking courses or working as an assistant to an experienced property manager. As a property manager, your duties may include finding and evaluating potential tenants of a property and negotiating the terms of the lease. It's also important to stay up to date with real estate laws and best practices.
If you're planning to run your own property management company, it can be beneficial to work with an established property management company first. This will allow you to learn standard procedures for working with clients effectively. You must also have a separate trust account for property management transactions and for real estate transactions. Finally, it's beneficial to connect with other property managers in the industry.
This will allow you to learn from their valuable experience and share ideas with each other. As you gain the necessary skills, you might consider getting a real estate broker license and starting a property management company.
