YES. Key components of property management are considered a real estate activity under existing Alabama real estate licensing laws. A real estate broker's license is required for any person or company that, for compensation, engages in the lease or rental of real estate in Alabama, who offers real estate for rent or lease, who negotiates the rental or leasing of Alabama real estate or who lists, offers, attempts or agrees to list real estate for rental or lease. A salesperson working under a broker may engage in such activities.
Yes. For example, a real estate license is not required of persons acting as the manager for an apartment building or complex. However, on-site managers of condominium buildings or complexes must be licensed. In addition, if a licensed real estate company takes on the management of an apartment building or complex, the Alabama Real Estate Commission expects compliance with real estate law and rules, including running security deposits, rent and payments for repairs through a trust account.
For more information about these and other Alabama property management requirements and exceptions, please the Alabama Real Estate Commission.
Before hiring a property manager to manage your Alabama rental property, you should always check that he or she is licensed appropriately. You can check the license status of Alabama property managers at The Association of Real Estate License Law Officials website.
MUST-KNOW INFO FOR PROPERTY MANAGERS:
Evictions are awful - perhaps the worst task property managers must perform. If you're in the business long enough, you'll likely have to go through the eviction process at least once.
Here's a local example of an Alabama eviction: Early in 2014, the Alabama Power-owned Pleasure Point Park and Marina was cited by Tallapoosa County Health officials for unsafe conditions. According to reports, of the 70 properties on the land, 19 had failing or illegal septic systems. Shortly after this revelation, the company told residents they had six months to find new places to live.
There is no requirement that a community association manager in Alabama hold a real estate broker's license. In 2010 the Alabama Real Estate Commission made some efforts to consider licensing for community association managers, but according to the Commission's legal department, those efforts didn't get anywhere.
Alabama real estate broker licensing requirements (for those not holding a current real estate license in another state) include:
Alabama real estate salesperson licensing requirements (for those not holding a current real estate license in another state) include:
For more information about these and other licensing requirements, please the Alabama Real Estate Commission.