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Panel backs technical fix to property‑manager license, delays implementation
Summary
The Business and Labor Interim Committee unanimously recommended a favorable report Aug. 20 for a technical correction to the 2025 law creating a property‑management license, exempting holders of existing real‑estate licenses and moving the implementation date to July 1, 2026.
The Business and Labor Interim Committee on Aug. 20 voted unanimously to recommend a technical fix to the 2025 law that created a new property‑management license in the Division of Real Estate. Representative Walter presented the correction and said the change is intended to avoid requiring holders of existing real‑estate licenses to obtain an additional property‑management license.
The correction would explicitly exempt individuals who already hold a sales‑agent, associate‑broker or principal‑broker license from having to obtain the new property‑management credential. Representative Walter told the committee that, without the fix, “my best estimate was 3,000 existing licensees” could be required to…
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