Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Property-management licensure bill draws split testimony, left pending after recess
Summary
HB 1,700 would exempt experienced property managers from certain real-estate licensure requirements if they meet experience or national-certification thresholds and carry a $100,000 fidelity bond; proponents said it would expand local management capacity while opponents warned it would reduce oversight and protections for tenants.
House Bill 1,700, presented Tuesday to the Senate Insurance & Commerce committee by Rep. Richard McGrew, proposes a narrow exemption from Arkansas real-estate licensure requirements for individuals who have at least two years' experience managing 50 or more units or hold a national certification, are not felons and maintain a $100,000 fidelity bond.
"This is a very narrow exclusion," Rep. McGrew said. He described a shortage of property managers willing to work low-rent units and said the waiver process administered by the real-estate commission has not resolved the access…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
