Laws

License Required? – Yes. Property managers must have a real estate broker’s license if they’re paid to sell or lease property for someone else (§ 93A-1, § 93A-2(a)).

Exceptions – The following are exceptions to the licensing requirement (§ 93A-2(c)):

• An owner who sells or leases their own property
• A housing authority (and its employees) that sells, leases, or sublets property
• The salaried employees of a broker whose responsibilities are limited to:
  • Showing units to prospective tenants
  • Providing prospective tenants with information about a rental unit
  • Accepting rental applications
  • Executing preprinted leases
  • Accepting security deposits and rent payments made out to the owner or their broker

Verify a Manager – license.ncrec.gov