Real Estate/ Continuing Education/ New Mexico/ Residential Property Management Essentials in New Mexico

Residential Property Management Essentials (Core Elective)

$59

This product includes:

LICENSE RENEWAL PERIOD: 3 YEARS Elective Hours: 4 Mandatory Hours: 0 Total Hours: 4

Description

State Requirements

For many real estate professionals, property management is a natural extension of their expertise. But whether you’re thinking about taking on your first property or looking to grow your property management business, this is a specialized field with a high degree of risk.

Residential Property Management Essentials in New Mexico provides you with a solid understanding of property management issues by exploring the role of the property manager, common tenant issues you’re likely to encounter, and crucial federal and state laws that every property manager needs to understand. This understanding will help prevent tenant issues, and reduce litigation risk for property managers and their clients.

Course highlights:

Property management agreements
Property types and points to consider when selecting properties
Tips for building a successful working relationship with property owners
Landlord and tenant obligations
Tips for screening and retaining tenants in compliance with fair housing law
Risks involved with informal rental agreements
Tips for dealing with delinquent tenants
Key laws impacting landlords and property managers, including fair housing guidelines and exemptions
The importance of data security, with a look at the Sherman Antitrust Act

Package Content:

State Requirements For New Mexico

New Mexico State Requirement Details for Real Estate Continuing Education

Renewal Date: Every three years

Hours Required: 36 hours

Associate Brokers:

36 CE Credit Hours Required every 3 years including:

12 hours: annual core courses (4-hour core course required in each year of the broker's licensing cycle)
4 hours: core elective courses
4 hours: ethics
16 hours: education electives

Qualifying Brokers:

42 CE Credit Hours Required every 3 years including:

12 hours: annual core courses (4-hour core course required in each year of the broker's licensing cycle)
8 hours: core elective courses
6 hours: qualifying broker refresher course
4 hours: ethics
12 hours: education electives

QBs must attend either a NMREC Commission Meeting or a NMREC Disciplinary Hearing once in their 3-year cycle for up to 3 hours or to the meeting or hearing adjournment into Executive Session whichever is first.

The CE Shop’s Offering: 36 hours

Reporting: The state does not require schools to report course completions.

Expiration Date of Course: Course expiration dates vary by course. Each individual course will have an expiration date listed in your account. See Terms & Conditions for more details.

Final Exams: Final exams must be passed with at least a 75% and may be taken as many times as necessary in order to pass.

Certificates: Immediately upon real estate course completion, The CE Shop will provide students with an electronic copy of the course certificate of completion. Certificates will remain in your account for a minimum of five years, should you need additional copies at a later time. Please refer to your renewal application to determine if you need to submit your certificate(s) of completion with your renewal. Course completion dates are recorded using Central Standard Time. Please note that the date on your certificate of completion will reflect this.

Post-Licensing: Associate Brokers licensed for the first time must complete the 30-hour New Broker Practices course within their first year of licensure. The CE Shop does not offer this course at this time.

License Renewal Process: The process to renew in this state is to log in to the licensing system online and follow the prompts to renew.

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