Property Management requirements in Alabama
Must an Alabama property management company have a real estate broker's license?
YES. Key components of property management are considered a real estate activity under existing Alabama real estate licensing laws. A real estate broker's license is required for any person or company that, for compensation, engages in the lease or rental of real estate in Alabama, who offers real estate for rent or lease, who negotiates the rental or leasing of Alabama real estate or who lists, offers, attempts or agrees to list real estate for rental or lease. A salesperson working under a broker may engage in such activities.
Are there any exceptions to the requirement that an Alabama property manager have a broker's license?
Yes. For example, a real estate license is not required of persons acting as the manager for an apartment building or complex. However, on-site managers of condominium buildings or complexes must be licensed. In addition, if a licensed real estate company takes on the management of an apartment building or complex, the Alabama Real Estate Commission expects compliance with real estate law and rules, including running security deposits, rent and payments for repairs through a trust account.
Before hiring a property manager to manage your Alabama rental property, you should always check that he or she is licensed appropriately. You can check the license status of Alabama property managers at The Association of Real Estate License Law Officials website.
Alabama Community Association Management Licensing
There is no requirement that a community association manager in Alabama hold a real estate broker's license. In 2010 the Alabama Real Estate Commission made some efforts to consider licensing for community association managers, but according to the Commission's legal department, those efforts didn't get anywhere.
Alabama Real Estate Broker Licensing Requirements
Alabama real estate broker licensing requirements (for those not holding a current real estate license in another state) include:
Alabama Real Estate Salesperson Licensing Requirements
Alabama real estate salesperson licensing requirements (for those not holding a current real estate license in another state) include:
For more information about these and other licensing requirements, please contact the Alabama Real Estate Commission.
IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current law in your state. To confirm the specific requirements for each state, please contact your state real estate commission.