YES. A key component of property management (leasing) is considered a real estate activity under existing North Dakota real estate licensing laws. If a property manager is going to lease, list, procure prospects or negotiate, assist, or offer to perform any of those acts, he or she will need a broker's license. A salesperson working under a broker may engage in such activities. However, if a property manager is not engaged in leasing activities, a real estate broker's license is not required.
YES. For example, bona fide owner of residential property and their regular employees are exempt when their work is in the regular course of or as an incident to the management of the property.
For more information about these and other North Dakota property management requirements and exceptions, please the North Dakota Real Estate Commission.
Before hiring a property manager to manage your North Dakota rental property, you should always check that he or she is licensed appropriately. You can check the license status of North Dakota property managers using the Commission's License Search Page.
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 some North Dakota evictions: For a group of Williston residents who argue that rent hikes are forcing those on fixed incomes to miss rent payments, evictions have recently crossed into "unnecessary escalation" territory. There are specific rules in North Dakota related to how much notice a landlord has to provide about increased rent and other issues connected to evictions, so read on to understand your role.
There is no requirement that a community association manager or condo association manager in North Dakota hold a real estate broker's license.
North Dakota real estate broker licensing requirements include:
North Dakota real estate salesperson licensing requirements include:
For more information about these and other licensing requirements, please the North Dakota Real Estate Commission. Specific information about obtaining a North Dakota real estate license is available online.