What is a VLS License and Why Does My Management Company Need One?

The Beckon Blog

• What is a VLS License and Why Does My Management Company Need One?3/19/20182 Comments Whenever we first chat with prospective clients, they ask what separates us from others in the area. First of all, we LOVE so many of our “competitors” (they’re actually our friends and peers more than they are our competitors). In describing who we are and what we do, the first thing we tell our clients, is that we are PROUDLY a VLS Licensed firm with a VLS licensed agent. That’s usually met with some pretty blank stares, some shrugs and an, “......ok…..”. So, here’s what it means: In the state of Tennessee, in order to care for, manage, and collect/disperse revenue from a property that is not your own, you are required by the Tennessee Real Estate Commission to obtain your Vacation Lodging Specialist license for both your firm, as well as an agent of your firm, who will serve as a primary responsible party in the eyes of the Tennessee Real Estate Commission. This license means that you’ve undergone adequate training, you’ve established a local business presence, and you’ve proven to the state that you have both rental ESCROW and business OPERATING accounts, so you’re not commingling clients’ money with your own. A lot of our clients don’t know why or how this might affect them, and the truth is, it MAY never affect them, BUT if a management company is without either OR both their firm and agent license, they are liable to be fined $1,000 per property, and receive a stop order for their business, meaning your reservations would be canceled, resulting in a potentially devastating loss of revenue! We understand different firms and structures are right for different kinds of clients, and we are absolutely not always compatible with a property owners’ style, but we ALWAYS recommend property owners ensure that whoever they partner with to care for their property is able to provide proof of both of their VLS licenses. It could make a substantial difference in the success of your property! ​​2 CommentsMax Sonnenschein link7/16/2023 02:16:30 amGood reading your posstReplyMetal Roofing Lynn link5/13/2024 11:42:52 amVery crreative postReply Leave a Reply.: ArchivesNovember 2025 October 2025 August 2025 July 2025 May 2025 April 2025 March 2025 January 2025 December 2024 November 2024 October 2024 September 2024 August 2024 July 2024 June 2024 May 2024 April 2024 February 2024 January 2024 November 2023 October 2023 September 2023 August 2023 July 2023 June 2023 January 2023 November 2022 October 2022 April 2021 August 2020 May 2019 March 2018 January 2017 November 2015 CategoriesAll Airbnb Airbnb Hosting Airbnb Management Flipkey Gift Guides Homeaway Interior Design Must Haves Nashville Safety Short Term Rental Splurge Vs. Save Vacation Rental VRBO Never Miss Any Intel!* Indicates required fieldEmail * I agree to receiving marketing and promotional materials * Subscribe to Newsletter RSS Feed