Property Management requirements in New York

Must New York property management companies have a real estate broker's license?

Yes, if a property manager is going to rent, list, negotiates the rental of property, or collect rents he or she will need a broker's license. A salesperson working under a broker may engage in such activities.

A real estate management company needs a broker's license if it collects rent or places tenants in vacant spaces on behalf of a landlord client. If services are strictly maintenance, a broker's license is not required.

Must New York community association managers have a real estate broker's license?

NO. A broker's license is not required to manage community associations in New York.

New York Real Estate Broker Requirements:

  • At least one year of experience as a licensed real estate salesperson, or two years experience n the general real estate field

  • Satisfactorily complete both the qualifying salesperson course of 45 hours and an additional 45 hour real estate broker course

  • Pass qualifying examination.

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 York:

 

Featured Property Management Companies in New York

Paradigm Property Management
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EAB PROPERTY SERVICES
SERVING NEW YORK CITY AND LONG ISLAND.
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M & J Management
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Mascia Management, LLC
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Midas Mgmt Assoc Inc
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Nardo Associates
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Nightingale Properties
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Pinnacle Properties
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Pythias Management
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Rialto Management Corp.
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Shamco Management Corporation
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Sierra Realty Corp.
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Zydema Property Management, Inc.
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