In Tennessee, what is required for someone to practice residential property management?

In Tennessee, practicing residential property management requires a real estate license. This license ensures that property managers are knowledgeable about the laws, regulations, and ethical standards that govern real estate transactions and property management. Having a real estate license means that the individual is trained to handle rental agreements, collect rent, manage properties, and navigate tenant issues effectively.

This requirement is in place to help protect both property owners and tenants by ensuring that property managers are qualified and adhere to legal standards. Without this license, an individual would not be legally allowed to engage in property management activities, which includes renting, leasing, or managing residential properties on behalf of others.

Other options such as a business license or a property management certificate may be necessary for operational purposes or for enhancing skills, but they do not replace the need for a real estate license when it comes to managing residential properties in Tennessee. A brokerage agreement relates more to formal arrangements between real estate brokers and their clients rather than the essential qualifications needed to practice property management.