Property Management
In Texas, a property manager who collects rents and negotiates leases on behalf of an owner must have a:
AProperty management certificate from TREC
BReal estate broker license or be a sponsored sales agent✓ Correct
CSeparate property management license
DBusiness license from the city only
Explanation
Under Texas Occupations Code Chapter 1101, a person who manages property for others for compensation must hold a Texas real estate broker license or be a licensed sales agent sponsored by a broker.
Related Texas Property Management Questions
- A Texas commercial lease that requires the tenant to pay a base rent plus a percentage of their gross sales is called a:
- Under Texas law, a property manager who co-mingles client funds with their own personal funds is:
- In Texas, a residential tenant who is a victim of family violence may terminate their lease early without penalty under:
- In Texas, a written management agreement for a commercial property should contain a provision for:
- In a triple net (NNN) lease on a Texas commercial property, the tenant is responsible for:
- Under Texas Property Code Section 92.019, a landlord who charges a late fee for rent must:
- Texas Property Code § 92.153 requires landlords of multi-unit dwellings to provide re-keying of locks:
- A Texas commercial property manager receives a 'letter of intent' (LOI) from a prospective tenant. The LOI is typically:
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