Property Management
In Tennessee, a 'resident manager' who lives in an apartment complex and manages it as their primary job:
ANever needs a real estate license
BMay need a real estate license depending on the activities performed✓ Correct
CMust hold a principal broker's license
DIs exempt from all fair housing laws
Explanation
Whether a resident manager needs a Tennessee real estate license depends on their specific duties. If they lease units, collect rents, or negotiate leases on behalf of the owner for compensation, a license may be required.
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