Property Management
In North Carolina, a property manager who collects rent and manages property for others must hold:
AA property management certificate from the NCREC
BA real estate broker's license✓ Correct
CA general contractor's license
DA business entity license from the Secretary of State
Explanation
Property management activities performed for compensation on behalf of others (leasing, collecting rent, managing) require a North Carolina real estate broker's license.
Related North Carolina Property Management Questions
- A NC property manager who suspects tenant fraud on a rental application (such as falsified income verification) should:
- Under the NC Uniform Residential Landlord-Tenant Act, a landlord may NOT retaliate against a tenant for:
- An 'anchor tenant' in a NC shopping center is important because:
- Under NC law, a property manager must keep security deposits in:
- A property manager in Charlotte, NC is negotiating a new lease for a commercial office space. The manager should ensure the lease clearly addresses:
- The 'net operating income' (NOI) for a property management report excludes:
- A property manager who receives rent checks must deposit them into:
- A 'percentage lease' commonly used for retail properties in NC requires tenants to pay:
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