New Mexico Broker State Practice Exam

The exemption from the license requirement for property management services applies specifically to property owners and their employees when they are managing properties that they own. Property owners are inherently allowed to manage their own rental properties without needing a separate license, as they are acting in their own interest in handling the property. This is based on the principle that they possess a personal stake in the management decisions made regarding their own assets.

Additionally, employees of property owners are also exempt from licensing requirements when they are engaged in property management tasks for their employer, who is the property owner. This exemption acknowledges that these employees are operating under the authority of the owner and taking on management responsibilities without independently owning the properties themselves.

By allowing both property owners and their employees to manage owned properties without a license, the legislation aims to reduce barriers to entry for property owners while ensuring that the management of their properties remains flexible and under their control. This facilitates smoother operations and helps owners effectively manage their rental businesses without unnecessary regulatory hurdles.