Property Management requirements in Michigan
Must Michigan property management companies have a real estate broker's license?
YES. Property management is considered a real estate activity under existing Michigan real estate licensing laws. Under the Michigan Public Act, anyone who engages in property management must have a real estate broker's license, unless they are a real estate salesperson employed by a real estate broker to engage in property management. Property management is defined as:
the leasing or renting, or the offering to lease or rent, of real property of others for a fee, commission, compensation, or other valuable consideration pursuant to a property management employment contract.
However, if the activities provided do not include leasing or renting services, a license is not required.
Are there any exceptions to the requirement that a Michigan property manager have a real estate broker's license?
Yes. For example, direct employees of a property owner engaging in property management for that owner need not be licensed.
Before hiring a property manager to manage your Michigan rental property, you should always check that he or she is licensed appropriately. You can check the license status of Michigan property managers and the Michigan's License Verification website.
Must Michigan community association managers have a real estate broker's license?
NO. A broker's license is not required to manage community associations or condo associations in Michigan.
Michigan Real Estate Broker Licensing Requirements
Michigan real estate broker licensing requirements include:
Michigan Real Estate Salesperson Licensing Requirements
Michigan real estate salesperson licensing requirements include:
For more information about these and other licensing requirements please contact the Michigan Department of Licensing and Regulatory Affairs. You can also obtain useful information on their broker licensing webpage and their salesperson licensing webpage.
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.