Property Management
In Idaho, an owner of a 12-unit apartment complex hires a property management company. The management company must hold a real estate:
ASalesperson's license only
BBroker's license (or work under a licensed broker)✓ Correct
CProperty management license separate from real estate
DNo license is required for apartment management
Explanation
A property management company performing real estate activities (leasing, managing property) for others for compensation in Idaho must hold a real estate broker's license or operate under a licensed broker.
Related Idaho Property Management Questions
- A lease that automatically renews for successive periods unless either party provides notice to terminate is called a:
- Which of the following is an example of a 'net lease' arrangement?
- A percentage lease, common in retail properties, requires the tenant to pay:
- Idaho landlord-tenant law requires a landlord to return a security deposit within how many days after the tenant vacates?
- In Idaho, what notice must a landlord give to terminate a month-to-month tenancy?
- A property manager's primary duty to the property owner is:
- A property manager preparing an annual operating budget should include all of the following EXCEPT:
- What is 'rent escalation' in a commercial lease and why do landlords include it?
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