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When does a person need to get a property manager license in Illinois?

April 26, 2017Illinois license manager person Property

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When does a person need to get a property manager license in Illinois?

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Only those property management activities that involve a conveyance of real estate by contract or lease require a real estate license. Accordingly, property management activities that require a real estate license include: showing a unit for sale or lease, negotiating lease or real estate contract terms, maintaining security deposits, rent payments or earnest money deposits.