Property Management Services - Licensing and Requirements

This Maryland bill requires property managers handling residential properties with four or more rental units to hold a state real estate broker license, expanding the definition of real estate brokerage services to include certain property management activities. The legislation mandates that landlords cannot use unlicensed property management services for qualifying residential properties and requires licensed property managers to complete continuing education on property management topics. Additionally, the bill establishes penalties for violations and creates a process for the State Real Estate Commission to investigate inadequate property management services after receiving a formal notice. These changes directly affect property management companies, landlords managing multi-unit residential properties, and the regulatory oversight provided by the State Real Estate Commission.