What requirement is generally true for a property manager working for multiple owners?

A property manager who works for multiple owners is typically required to hold a real estate license. This is because managing properties on behalf of various owners often involves activities such as leasing, managing tenant relationships, and handling financial transactions, all of which legally necessitate a real estate license in many jurisdictions. Holding a license ensures that the property manager is knowledgeable about relevant laws, regulations, and best practices, which provides protection for both the property owners and the tenants.

The requirement for a real estate license also helps to maintain a standard of professionalism and accountability in the industry, as licensed individuals must adhere to ethical guidelines and are subject to regulatory oversight. This is particularly important when managing properties for multiple clients, as it involves fiduciary responsibilities and an understanding of complex property management issues.