2025 bills / H.B. 337

H.B. 337 Property Manager Requirements (2025)

Became lawWritten by Rep. Jordan D. Teuscher · carried in the Senate by Sen. Calvin R. Musselman

What this bill does

According to the official description, this bill:

defines terms
grants the Real Estate Commission (commission) authority to make administrative rules relating to property managers
requires an individual to hold a license as a property manager before engaging in property management
exempts certain individuals from licensure under this act
requires that the commission and Division of Real Estate determine the qualifications and requirements for an applicant for a property manager license
allows an individual with an active broker, associate broker, or sales agent license to obtain a property manager license without meeting certain examination and education requirements
requires that an applicant for a property manager license pay a licensing fee
repeals provisions authorizing certain individuals to act as a property manager
authorizes a property manager to fill out any form or document related to property management
provides parameters for what a property manager may do when engaging in property management
requires that a property manager associate with a real estate trust account
exempts a property manager with a security bond that protects at least 30% of estimated client funds from the requirement to associate with a real estate trust account
makes technical and conforming changes

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14 yes, 0 no, 2 absentHouse Business, Labor, and Commerce Committee: vote to change the bill · 2/5/2025 4:59 PMWho voted how
14 yes, 0 no, 2 absentHouse Business, Labor, and Commerce Committee: vote to approve it · 2/5/2025 5:01 PMWho voted how
71 yes, 0 no, 4 absentFinal House vote · 2/13/2025 11:57 AMWho voted how
4 yes, 0 no, 4 absentSenate Business and Labor Committee: Amendment Recommendation · 2/20/2025 4:36 PMWho voted how
4 yes, 0 no, 4 absentSenate Business and Labor Committee: vote to approve it · 2/20/2025 4:41 PMWho voted how
22 yes, 0 no, 7 absentFirst of two Senate votes · 2/27/2025 3:26 PM
23 yes, 0 no, 6 absentFinal Senate vote · 2/28/2025 10:53 AM
71 yes, 0 no, 4 absentHouse vote to accept the other chamber's changes · 3/3/2025 11:24 AM