Agency
What is 'property management' as a real estate activity requiring a license in Delaware?
AOnly leasing activities require a license; property maintenance does not
BProperty management activities including leasing units, negotiating lease terms, collecting rents, and managing properties for others for compensation require a Delaware real estate license — or the property manager must be an employee directly supervised by the owner✓ Correct
CProperty management never requires a real estate license in Delaware
DOnly managers of 10+ units require a real estate license
Explanation
In Delaware, leasing, renting, and negotiating rental agreements for another person for compensation constitutes real estate brokerage requiring a license. Property managers who perform these activities for third-party owners must be licensed under a broker. Exceptions: employees directly employed by an owner to manage the owner's own property. Most professional property management companies in Delaware are licensed brokerages.
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