Property Management
A Mississippi property manager for a commercial property negotiates leases. Under Mississippi law, to negotiate commercial leases for others for compensation, the property manager must:
AHold only a property management certification
BHold an active Mississippi real estate broker's or salesperson's license, as commercial lease negotiation is a licensed activity✓ Correct
CBe admitted to the Mississippi State Bar
DObtain a special commercial real estate permit from MREC
Explanation
Negotiating leases on behalf of others for compensation is a real estate brokerage activity in Mississippi requiring a real estate license. Both commercial and residential leasing for compensation falls under the license law.
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