Residential Property Management Essentials in New Mexico
For many real estate professionals, property management is a natural extension of their expertise. But whether you’re thinking about taking on your first property or looking to grow your property management business, this is a specialized field with a high degree of risk.
Residential Property Management Essentials in New Mexico provides you with a solid understanding of property management issues by exploring the role of the property manager, common tenant issues you’re likely to encounter, and crucial federal and state laws that every property manager needs to understand. This understanding will help prevent tenant issues, and reduce litigation risk for property managers and their clients.
Course highlights:
- Property management agreements
- Property types and points to consider when selecting properties
- Tips for building a successful working relationship with property owners
- Landlord and tenant obligations
- Tips for screening and retaining tenants in compliance with fair housing law
- Risks involved with informal rental agreements
- Tips for dealing with delinquent tenants
- Key laws impacting landlords and property managers, including fair housing guidelines and exemptions
- The importance of data security, with a look at the Sherman Antitrust Act
State Requirements For New Mexico
New Mexico State Requirement Details for Real Estate Continuing Education
Renewal Date: Every three years
Hours Required: 36 hours
Associate Brokers:
36 CE Credit Hours Required every 3 years including:
- 12 hours: annual core courses (4-hour core course required in each year of the broker's licensing cycle)
- 4 hours: core elective courses
- 4 hours: ethics
- 16 hours: education electives
Qualifying Brokers:
42 CE Credit Hours Required every 3 years including:
- 12 hours: annual core courses (4-hour core course required in each year of the broker's licensing cycle)
- 8 hours: core elective courses
- 6 hours: qualifying broker refresher course
- 4 hours: ethics
- 12 hours: education electives
QBs must attend either a NMREC Commission Meeting or a NMREC Disciplinary Hearing once in their 3-year cycle for up to 3 hours or to the meeting or hearing adjournment into Executive Session whichever is first.
New Mexico Real Estate Commission
Street Address: 5500 San Antonio Dr. NE, Suite #B, Albuquerque, New Mexico 87109
Telephone: 505.222.9820 or 800.801.7505
Fax: 505.222.9886