In New Mexico, what is required for each property manager?

In New Mexico, property managers are required to hold a valid real estate license. This requirement ensures that property managers have demonstrated knowledge of the laws and regulations governing real estate transactions, as well as understanding issues related to property management, such as tenant rights, leasing practices, and property maintenance. Holding a valid license helps protect the interests of property owners and tenants by ensuring that property managers adhere to professional standards and ethical practices.

Other requirements, like working for a real estate firm, possessing a degree in property management, or having a specific amount of experience, are not mandated by New Mexico law for property managers. While affiliation with a real estate firm or experience may be beneficial, they do not replace the necessity of holding a real estate license, which is the core requirement in the state.