Do you need a Realtor license to be a property manager in Colorado?

[Kevin Greer]

All,

I understand that to be a property manager in Colorado you must be a licensed realtor.  Can anyone verify if this is accurate?

Also, does this apply to an owner who owns and manages their own portfolio?  Or only to properties being managed in an external Property Management function?

Thank you.

Kevin

[Ian Landy]

What about if you set up a maintenance company that maintains all of the properties, then you have a real estate attorney prepare all of the lease agreements. Do you still need to have a licensed brokerage company?