Property ManagementIntermediateDelaware Exam
A property manager in Delaware collects rent and manages the property for a fee. Under Delaware law, this activity:
ARequires a real estate licenseCorrect
BDoes not require a license if the manager works for a single owner
CRequires only a business license
DIs exempt from any licensing if the property is residential
Why Requires a real estate license Is Correct
Answer A: Requires a real estate license
Property management activities (leasing, collecting rent, managing) performed for compensation for others in Delaware require a real estate license, unless the manager is a direct employee managing a single owner's properties.
Exam Tip: Property Management
Property management questions cover landlord-tenant law, security deposits, and maintenance responsibilities. Know the differences between gross, net, and percentage leases.
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