Property Management
A Michigan property manager who manages property on behalf of an owner for compensation must hold:
AOnly a property management certification
BA Michigan real estate broker's or salesperson's license✓ Correct
CA Michigan builder's license
DNo license if they manage fewer than 10 units
Explanation
In Michigan, managing property for others for compensation constitutes a real estate activity requiring a broker's or salesperson's (under a broker) license under the Occupational Code.
Related Michigan Property Management Questions
- In Michigan, a residential landlord who raises rent in retaliation for a tenant's complaint about habitability conditions is:
- A Michigan commercial lease 'tenant improvement allowance' (TI allowance) is:
- In Michigan, when a tenant subleases their unit to another person without landlord permission, and the lease prohibits subleasing, the landlord may:
- Under Michigan law, a security deposit for a residential tenant cannot exceed:
- Under Michigan law, a landlord must provide a tenant with written notice to terminate a month-to-month tenancy of at least:
- In Michigan, a residential property manager who discovers their management company's employee stole rent checks is required to:
- In Michigan, a property manager who receives multiple applications for a rental unit should select a tenant based on:
- Under Michigan's Anti-Lockout Law, a landlord who wrongfully locks out a residential tenant may be liable for:
Practice More Michigan Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Michigan Quiz →