Property Management
In Colorado, a property manager who is required to carry a broker's license for property management activities must ensure that:
AA. Only their business entity holds the license
BB. The broker's license is active and current before conducting any property management for compensation✓ Correct
CC. Only activities involving sales of property require a license
DD. A license is only needed for managing more than 5 units
Explanation
Colorado requires property managers who manage property for others for compensation to hold an active real estate broker's license. The license must be active (not expired, inactive, or suspended) before the manager can legally engage in compensated management activities.
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