Property Management
Under Mississippi law, a property manager must hold a real estate license if they:
AOwn the property they manage
BManage properties for others for compensation✓ Correct
COnly collect rent and do not negotiate leases
DManage fewer than five units
Explanation
Managing real estate for others for compensation—including negotiating leases, collecting rent, and maintaining property on behalf of owners—constitutes real estate activity that requires an MREC license in Mississippi.
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