Property Management
In Rhode Island, a property manager who manages properties for others for compensation must hold:
AOnly a property management certificate
BA Rhode Island real estate broker's or salesperson's license✓ Correct
CA business license from the municipality
DA certification from the National Association of Realtors
Explanation
In Rhode Island, managing property for others for compensation generally requires a real estate license (broker or salesperson) under RIGL Chapter 5-20.5. Property management involves leasing, renting, and negotiating on behalf of owners.
Related Rhode Island Property Management Questions
- A net lease used in Rhode Island commercial properties typically requires the tenant to pay:
- A lease that allows a tenant to purchase the property at a fixed price at the end of the lease term is called a:
- A property manager must return a residential security deposit in Rhode Island within:
- Which of the following is a key component of a Rhode Island residential lease agreement?
- A Rhode Island commercial tenant's lease expires and they remain in the space while negotiating a new lease with the landlord's knowledge and acceptance of rent. This is most likely a:
- In Rhode Island, what is 'assignment of lease' by a tenant?
- A 'vacancy rate' in property management is calculated as:
- A property manager's management fee is most commonly calculated as:
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