Property Management
A Colorado property manager is hired to manage a commercial property. Which of the following activities requires a real estate broker license?
APainting the parking lot lines
BNegotiating lease renewals on behalf of the property owner✓ Correct
CHiring a plumber to fix a leak
DCollecting rent checks and depositing them in the owner's account
Explanation
Negotiating leases or lease renewals on behalf of another person for compensation is a licensed activity in Colorado requiring a real estate broker license. Physical maintenance tasks and basic rent collection by a salaried employee may not require a license.
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