Exams and Other Requirements for a Property Manager
For one to be a certified property manager in Tennessee, there are certain qualifications that one has to successfully meet. First and foremost, according to the Tennessee Real Estate Commission, one must be over the age of 18 years, must have successfully completed high school or General Education Development exams and passed. He also ought to have been residing in the state of Tennessee for at least one and half months before applying for a license to become a property manager.
Aside from the basic qualifications stated above, the law requires an aspiring property manager to successfully complete a Pre-License Course that takes 60 hours before taking the Tennessee state exam. He should also undertake a Pre-License course taking 30 hours. He should also score at least 70% in the state exam.
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The Institute of Real Estate Management (IREM) is the body that awards professional credentials to the Certified Property Managers. This certification, however, has certain prerequisites that have to be met. For starters, one has to have a bachelor’s degree in property management or real estate. He or she also has to sit for additional courses and examinations provided by the IREM.
Responsibilities of the Property Manager towards the Staff According To the State Law
A property manager is an individual who is tasked with managing and overseeing the day to day affairs of a rental property. Responsibilities of these managers, however, vary according to the location and size of the units they are in charge of. The number of the staff personnel under the property manager will also vary depending on the size and demands of the property they are managing. The state laws clearly indicate the responsibilities of these property managers towards the members of staff under him.
The main responsibility that is required of them is supervision. He is tasked with ensuring that other employees like repair personnel, janitors, and security personnel perform their duties as required. He is also in charge of adjusting their wages and salaries, hiring of additional staff and even firing them when necessary.
The property manager is also required to integrate new employees into his or her team by adequately training them. New employees may not know how work is done on the property and therefore the owners or investors turn to the property manager to coach and evaluate them. When new equipment is introduced, the property manager is supposed to fully prepare the staff to adequately and efficiently use them.
Issues arising from the staff are dealt with by the property manager. Disagreements and dissatisfaction by the employees are carefully analyzed and adequate measures are taken into place to ensure the optimal performance of the team.
Welfare concerns of the employees are also the priority of the property managers. He has to ensure that the individual members are in both physically and emotionally able to perform the tasks assigned to them. All the safety regulations and rules should be enforced by the managers to ensure that employees are working in a friendly, healthy and safe working environment. The manager should also be someone the staff can approach and explain their personal issues so that the manager can assess whether one needs a leave of absence to deal with his/her issues.
Do the staff members have to hold a real estate license as well?
Some of the staff members are required to have real estate licenses. Employees like Assistants, for example, need to have a comprehensive knowledge in the field of real estate. This is because they perform tasks like preparing real estate forms and correspondence. They may also collect rents and disburse funds associated with a home sale.
Real estate analysts are also members of staff who need to have a license. This is because they are tasked with research and analysis of properties, explain property issues to clients among other demanding tasks.
Database managers also require a license. This is because they need to be equipped with skills on how to prepare and manage contract databases and make comprehensive reports. Subordinate staff members do not necessarily need to have a real estate license. These members include the cleaners, security personnel, repairmen among others. They, however, need to have basic knowledge of the real estate sector.
Therefore, in conclusion, not all staff members need to have a real estate license. The top management staff, however, do require a real estate certification and quite an extensive knowledge and experience in the real estate industry as compared to the subordinate members of staff.
