Property Management requirements in New MexicoMust New Mexico property management companies have a real estate broker's license?Yes, if a property manager is going to lease, rent, or list, he or she will need a broker's license. According to the Real Estate Brokers statute, "Property Management" is defined as including - the showing, renting and leasing of real property, the collection and disbursement of funds on behalf of other persons, the supervision of employees as specified in the management agreement, the supervision of maintenance and repair work, handling of tenant relations, and/or preparation of financial reports. A "Property Manager" is defined as a broker - who, for a fee, salary, commission or other valuable consideration, is engaged in managing property for others. Must New Mexico community association managers have a real estate broker's license?NO. A broker's license is not required to manage community associations in New Mexico. New Mexico Real Estate Broker Requirements:
Property Management Requirements Main Page 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. |
Property Managers in New Mexico: |
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