37-51-603. Qualification of property manager applicants -- examination -- form of licenses. (1) The board by rule shall require an applicant for licensure to provide information that the board believes is necessary to ensure that a person granted a property manager license is of good repute and competent to transact the business of a property manager in a manner that safeguards the welfare and safety of the public.
     (2) (a) The board shall require an applicant for a property manager license to:
     (i) apply for licensure to the department;
     (ii) furnish written evidence that the applicant has completed the number of classroom hours that the board determines appropriate in a course of study approved by the board and taught by instructors approved by the board; and
     (iii) satisfactorily complete an examination dealing with the material taught in the course of study.
     (b) The course of study must include the subjects of real estate leasing principles, real estate leasing law, and related topics.
     (3) Examinations must be given at least once every 4 months at places within the state that the board prescribes. The board shall establish by rule the contents of and requirements to pass the examination.
     (4) An applicant for licensure as a property manager must be at least 18 years of age and must have graduated from an accredited high school or completed an equivalent education as determined by the board.
     (5) The board shall prescribe the form of the license, and the license must bear the seal of the board. A property manager shall display the license conspicuously in the property manager's place of business.
     (6) The department shall prepare and deliver to the licensee a pocket card in a form and at times prescribed by the board.

     History: En. Sec. 4, Ch. 142, L. 1993; amd. Sec. 46, Ch. 492, L. 1997.