Property Management
A resident manager of a NJ apartment building who is compensated with free rent is generally:
ARequired to hold a full real estate broker's license
BExempt from licensing if their duties are limited to showing and leasing within the building they reside in✓ Correct
CRequired to hold a salesperson license at minimum
DProhibited from leasing units under any circumstances without a license
Explanation
NJ license law provides a limited exemption for on-site resident managers who live in the building they manage and whose duties are confined to that building. They may show and lease units without a real estate license.
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