Property Management
A West Virginia property management company manages 200 rental units for various owners. Which entity must hold a real estate broker license to legally conduct this management activity?
AEach individual property manager employee
BThe property management company (brokerage) itself must hold a broker license✓ Correct
COnly the owners of the company
DNo license is required for property management companies
Explanation
In West Virginia, a property management company that manages real estate for compensation must operate as or under a licensed real estate brokerage. The company itself must hold a broker license, and individual property managers who perform licensed activities must also be licensed.
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