Property Management
In New York, a residential property manager who collects rent on behalf of building owners must hold a:
AProperty management certificate from the NY DOS
BReal estate broker's or salesperson's license✓ Correct
CSpecial property management license separate from the broker's license
DNo license is required for property management activities
Explanation
In New York, property management activities — including negotiating leases and collecting rent on behalf of others for compensation — constitute real estate brokerage and require a real estate broker's license or salesperson's license under a broker. There is no separate 'property management license' in New York.
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