Commercial Real Estate License Laws and Regulations

Obtain or maintain your license by learning commercial real estate license laws and regulations

Commercial real estate license laws and regulations are in place to ensure that individuals who sell commercial real estate have adequate education and knowledge to do so. According to commercial real estate licensing laws, you don’t need a commercial property license if you own the commercial real estate you are selling. However, if you don’t own the property, you must obtain a commercial property license in accordance with your state laws.

While state laws will vary, individuals who possess a residential property license will typically need to attend additional courses or pass a commercial real estate certification exam prior to be authorized to sell commercial property. The following tips will help you learn more about commercial real estate license laws and regulations.

1. Find out about state laws on commercial real estate school credits.

2. Learn about using your commercial real estate license in a multiple states.

3. Familiarize yourself with state-specific commercial real estate license laws.

 

Check your state's commercial real estate license educational requirements

States regulate how long it should take to complete commercial real estate classes and earn a commercial property management certification. State law typically requires students to complete between 30 and 90 commercial real estate course credit hours before earning a commercial real estate certification. States also require professionals to renew their commercial real estate license every one to two years. State law also requires professionals to earn continuing education credits from an approved school or state-approved commercial property training course.
Try: Read more about state commercial property licensing laws at the US Bureau of Labor Statistics Office of Occupational Statistics and Employment Projections. Learn more about educational requirements for earning a commercial property license at the Tri-County Board of Realtors.

Gain knowledge about commercial real estate license reciprocity laws

Several states have commercial property management certification laws that allow them to recognize and grant licenses to professionals who received commercial real estate training and licenses in a different state. These regulations vary by state - some states have reciprocity contracts with multiple states while others may only partner with neighboring states.
Try: Read more about commercial real estate licensing reciprocity at the National Association of Realtors. You may also find out about this growing trend in commercial real estate license laws by checking out the Professional Development Institute.

Stay compliant with your state commercial real estate regulations

Commercial real estate licensing laws are changing at a rapid pace. Licensing requirements are established by the state in which you plan to sell commercial property. To ensure you are abiding by all commercial real estate license laws, you will need to regularly consult with your local real estate commission.
Try: To find your state’s real estate licensing commission, visit the Association of Real Estate License Law Officials. You can also obtain a list of state real estate commissions at FREA.

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