Laws

License Required? Yes, a valid property management license is required by law (§ 37-51-601). The following exceptions apply to this requirement (§37-51-602):

• The owner’s relatives
• A person leasing out four or fewer rental units
• The owner’s employee, so long as property management is a small part of their job
• A person earning income from a sole property manager or owner
• A licensed real estate broker or salesperson acting under a broker
• A person who is compensated by the owner with a salary or reduced rent, provided they do not have control over the account receiving or sending property revenue
• Property managers of subsidized housing for low-income individuals

Agreement Required? Yes, a property management agreement that is signed by the owner is required (Rule 24.210.628(3)(u)).

Verify a Manager – ebiz.mt.gov