Property Management
Under Nevada law, a property manager must be a licensed real estate broker or work under one because:
ANRED requires it for all building managers
BManaging property for others for compensation constitutes real estate activity under NRS 645✓ Correct
CProperty managers must pass a separate state exam
DFederal law requires real estate licenses for all managers
Explanation
Under NRS 645, managing real property for others for compensation is defined as real estate activity requiring a real estate license. Property managers must be licensed brokers or salespersons working under a licensed broker.
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