YES. Key components of property management (renting and collecting rent) are considered real estate activities under existing New York real estate licensing laws. If a property manager is going to rent, list, negotiate the rental of property, collect rents, or place tenants on behalf of a landlord client, he or she will need a broker's license. A salesperson working under a broker may engage in such activities.
If services are strictly maintenance, a broker's license is not required.
There are very limited exceptions to the requirement that New York property managers have a real estate broker's license.
For more information about these and other New York property management requirements and exceptions, please contact the New York State Division of Licensing Services.
Before hiring a property manager to manage your New York rental property, you should always check that he or she is licensed appropriately. You can check the license status of New York property managers at the New York Public License Search.
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There is no requirement that a community association manager in New York hold a real estate broker's license.
New York real estate broker licensing requirements include:
New York real estate salesperson licensing requirements include:
For more information about these and other licensing requirements, please contact the New York Division of Licensing Services. Specific information about broker licensing and salesperson licensing are available online.