Property Management
In Maryland, a property manager who collects rent and manages property for others is required to:
AHold only a property management certification
BHold a real estate broker's or salesperson's license under a broker✓ Correct
CHold only a business license from the county
DNo license is required for property managers in Maryland
Explanation
In Maryland, managing property and collecting rent for others for compensation constitutes a real estate activity requiring a real estate license.
Related Maryland Property Management Questions
- In Maryland, a commercial property's operating expense ratio is calculated as:
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