Property Management
A resident manager who lives on-site and manages a building in Iowa and receives free rent as their only compensation is:
ARequired to hold an Iowa real estate license
BGenerally exempt from Iowa licensing requirements due to the employee-for-compensation-other-than-commission exemption✓ Correct
CRequired to hold a property management certificate
DRegulated by the Iowa Department of Labor only
Explanation
Iowa's real estate license law exempts resident managers who are employed by the owner and receive compensation other than a commission (such as free rent) from licensing requirements, as they are considered employees rather than independent contractors for hire.
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