NO. Property managers in Montana are not required to hold a broker's license. However, a separate property management license IS required to engage in property management activities in Montana. Licensing is defined by statute as:
An act performed for compensation of any kind in the leasing, renting, subleasing, or other transfer of possession of real estate owned by another without transfer of the title to the real estateâ??
Yes, for example, certain relatives of the owner of real estate are exempt from the licensure requirement.
For more information about these and other Montana property management requirements and exceptions, please contact the Montana Board of Realty Regulation.
Before hiring a property manager to manage your Montana rental property, you should always check that he or she is licensed appropriately. You can check the license status of Montana property managers at the Montana Department of Labor and Industry's Professional and Occupational Licensing System.
A broker's license is not required to manage community associations or condo associations in Montana.
Montana property manager licensing requirements include:
For more information about these and other licensing requirements, please contact the Montana Board of Realty Regulation.