What kind of license is required to manage rental properties in New Mexico?

In New Mexico, managing rental properties specifically requires a Property Management License. This license is designed for individuals whose primary duties involve overseeing and managing rental properties on behalf of property owners. The role includes tasks such as collecting rents, managing lease agreements, and handling tenant relations, which necessitates a specialized understanding of the legalities and responsibilities associated with property management.

While other licenses like a General Real Estate License or a Broker's License may allow an individual to engage in various real estate activities, they do not grant the specific authority needed to operate as a property manager. A Salesperson License primarily enables individuals to engage in real estate sales under the supervision of a broker, rather than focusing on property management responsibilities. Therefore, the Property Management License is the appropriate credential required for managing rental properties effectively and legally in New Mexico.