1. (1) A sales agent affiliated with a dual broker through a property management company may act as a property management sales agent if:

   1. (a) the dual broker designates the sales agent as a property management sales agent, and
   2. (b) the sales agent pays to the division the property management sales agent designation fee.

2. (2) A property management sales agent may simultaneously provide both property management services and real estate sales services under the supervision of the dual broker if the property management sales agent:

   1. (a) provides property management services only through the property management company overseen by the dual broker, and
   2. (b) provides real estate sales services only through the real estate brokerage overseen by the dual broker.

KEY: real estate business, operational requirements, trust account records, notification requirements

Date of Last Change: August 16, 2023

Notice of Continuation: February 5, 2025

Authorizing, and Implemented or Interpreted Law: 61-2f-103(1); 61-2f-105; 61-2f-203(1)(e); 61-2f-206(3); 61-2f-206(4)(a); 61-2f-306; 61-2f-307