Property Management
A NJ property manager who collects commissions or fees for property management without a broker's license is:
APermitted if they have a salesperson license
BPermitted without any license if managing fewer than 10 units
CViolating NJ license law, as property management for compensation requires a broker's license✓ Correct
DRequired only to register with the municipality
Explanation
In New Jersey, property management for compensation—including leasing, renting, collecting rents, and negotiating leases—requires a real estate broker's license under N.J.S.A. 45:15.
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