YES. Key components of property management are considered a real estate activity under existing Arizona real estate licensing laws. A broker's license is required for any person or company who, for compensation, engages in the lease or rental of real estate in Arizona, who offers or lists real estate for rent or lease, who collects rent for the use of real estate or who negotiates the rental or leasing of Arizona real estate. A salesperson working under a broker may engage in such activities.
Arizona is one of the few states having a section in its real estate statute specifically devoted to property management requirements. Arizona law requires that property management agreements contain specific provisions, that all property management accounts are designated as trust accounts, and that records be kept in a certain manner.
Yes. For example:
For more information about these and other Arizona property management requirements and exceptions, please contact the Arizona Department of Real Estate.
Before hiring a property manager to manage your Arizona rental property, you should always check that he or she is licensed appropriately. You can look up a licensee, real estate school or get a public report on the Arizona Department of Real Estate's Public Database.
A community association manager need not be licensed as a real estate broker to manage a community or condominium association in Arizona unless they sell or lease the properties on behalf of individual owners.
Arizona real estate broker licensing requirements include:
Arizona real estate salesperson licensing requirements include:
For more information about these and other licensing requirements, please contact the Arizona Department of Real Estate.