Property Management
In NC, a 'renewal commission' in a property management context refers to:
AA fee charged to renew the management license
BA fee earned by the property manager when an existing lease is renewed or a new lease is signed with the same tenant✓ Correct
CThe annual renewal of the management agreement
DThe cost of renewing the building's occupancy permit
Explanation
A renewal commission is compensation paid to the property manager when an existing tenant renews their lease, rewarding the manager for tenant retention.
Related North Carolina Property Management Questions
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