In North Carolina, a property manager who collects rent and manages property for others must hold:
Why A real estate broker's license Is Correct
Answer B: A real estate broker's license
Exam Tip: Property Management
Property management questions cover landlord-tenant law, security deposits, and maintenance responsibilities. Know the differences between gross, net, and percentage leases.
People Also Study
Related North Carolina Questions
- A property manager in North Carolina must hold which license to manage residential rental property for others for compensation?Property Management
- A 'resident manager' living at an apartment complex in NC who collects rent and manages the property must hold a real estate license unless:Property Management
- Which of the following activities requires a real estate license in North Carolina?North Carolina License Law
- Which of the following activities is EXEMPT from the North Carolina license requirement?North Carolina License Law
- How many hours of pre-license education are required to sit for the North Carolina broker license exam?North Carolina License Law
- In North Carolina, unlike most states, the entry-level license is called a:North Carolina License Law
- A landlord in North Carolina refuses to rent to a family with three children citing building safety concerns. This most likely violates which protected class?Fair Housing
- The purpose of a property management trust account in North Carolina is to:Property Management
Key Terms to Know
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
Option ContractA contract giving the buyer the right, but not the obligation, to purchase a property at a specified price within a specified time period.
Study This Topic
Practice More North Carolina Real Estate Questions
1,400+ questions covering all exam topics. Start free — no signup required.
Take the Free North Carolina Quiz →