Question : Do I need a qualifying broker license to engage in property management for owners of real estate?
I live in the state of New Mexico and would like to start a property management company but do not know if I need a qualifying broker license. I already have an associate broker license.
property management license

Best answer:

Answer by STEPHANIE S
I don’t know about NM.. your local RE Board could tell you.. the prop mgmt firms that I’ve worked…. the PM’s needed to have a good working knowledge of the market pricing. If you’re going to work in Apts. you’re going to have to get the cost to turn an apt down.. knowing how to hire the onsite manager(s) is a big plus. If you are going to be dealing with single family.. the picture is completely different.

I worked with this a lot.. drop me an email and we’ll trade notes before you sink a lot of money.

good Luck