For the purposes of this part, the term "property manager" means an agent for the owner of real estate in all matters pertaining to property management as defined in this subchapter, which are under his or her direction, and who is paid a commission, fee, or other valuable consideration for his or her services. A property manager may employ resident managers. The property manager shall be held accountable for the day-to-day job-related activities of the property manager's employees. The property manager shall not perform any activities that relate to listing for sale, offering for sale, buying or offering to buy, negotiating the purchase, sale, or exchange of real estate, or negotiating a loan on real estate for a fee, commission, or other valuable consideration.
(Apr. 20, 1999, D.C. Law 12-261, § 1002, 46 DCR 3142.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 47-2853.141.
Legislative History of Laws
For legislative history of D.C. Law 12-261, see Historical and Statutory Notes following § 47-2801.
(a) An applicant for licensure as a property manager shall establish to the satisfaction of the Board of Real Estate that the applicant:
(1) Is able to read, write, and understand the English language;
(2) Has passed an examination or examinations given by or under the direction of the Board, or any other examination acceptable to the Board;
(3) Is a high school graduate or the holder of a high school equivalency certificate;
(4) Has not had an application for a property manager's license denied, for reasons other than failure to pass the required examination or examinations, in the District or elsewhere within one year prior to the date on which the application is filed;
(5) Has not had a property manager's license suspended in the District or elsewhere which suspension is still in effect on the date on which the application is filed; and
(6) Has not had a property manager's license revoked in the District or elsewhere within 3 years prior to the date on which his or her application is filed.
(b) Persons licensed as real estate brokers in the District are deemed to have satisfied the educational and examination requirements for licensure as property managers, but shall be required to satisfy all other requirements as set forth in this subchapter.
(Apr. 20, 1999, D.C. Law 12-261, § 1002, 46 DCR 3142.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 47-2853.142.
Legislative History of Laws
For legislative history of D.C. Law 12-261, see Historical and Statutory Notes following § 47-2801.
Unless licensed under this subchapter, no person shall use the term or words "property manager" to imply that he or she is licensed as a property manager in the District.
(Apr. 20, 1999, D.C. Law 12-261, § 1002, 46 DCR 3142.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 47-2853.143.
Legislative History of Laws
For legislative history of D.C. Law 12-261, see Historical and Statutory Notes following § 47-2801.
