Property Management

A Washington property manager who collects rents and security deposits is performing activities that require:

AOnly a property manager certification
BA real estate broker license issued by the DOL✓ Correct
CA Department of Financial Institutions license
DNo license if managing fewer than five units

Explanation

In Washington, property management activities — including collecting rents, negotiating leases, and managing properties for others — constitute real estate brokerage activities requiring a license from the DOL under RCW 18.85.

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