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Updated over 6 years ago on . Most recent reply

User Stats

5
Posts
2
Votes
Alex Zemianek
  • Real Estate Investor
  • Saint Louis, MO
2
Votes |
5
Posts

Do you need a Real Estate license to manage vacation rentals??

Alex Zemianek
  • Real Estate Investor
  • Saint Louis, MO
Posted

Hello! I own a real estate development and vacation rental business in STL , MO, and I know Missouri requires you to obtain a RE license when launching a property management company, but does anyone know of a way around that for "Vacation Rental Management" or do the same rules apply??? I currently own and manage 6 of my own in STL and plan to expand into "Host management" for other owners/host that I network with in and outside of STL. I've ran my company for 8 years without a license finding, funding, flipping, or renting my own, so i'd prefer not to, but if I need to it's not the end of the world.. Thanks!

Most Popular Reply

User Stats

103
Posts
81
Votes
Marc Cunningham
  • Property Manager
  • Denver, CO
81
Votes |
103
Posts
Marc Cunningham
  • Property Manager
  • Denver, CO
Replied

@Tyler Work @James Carlson The below is from Marcia Waters, Division Director of the Colorado Real Estate Commission:

 "One does not need a broker's license to do short term occupancy agreements (short term rentals). I would reference CP-19. While the distinction has long been drawn at the 30 day mark, it is probably best to look how the short term agreement is being used. If it is similar to a hotel reservation where the party only has a license to use it, it would be considered a short term occupancy agreement. If the terms are more reflective of a lease transaction, it would require a broker's license to manage those"


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