33. Which of the following property managers must have a license?
Answer: C
A property manager who works for more than one owner for a fee must have a license.
Property managers who operate on behalf of multiple owners and receive compensation are required to be licensed professionals. This ensures that they adhere to legal standards and regulations governing property management.
A) A property manager who manages multiple properties for one owner as an employee but doesn't collect rent.
This option is incorrect because a property manager employed by a single owner, even if managing multiple properties, does not need a license if they are not collecting rent. Their role is limited to management without direct financial transactions.
B) A property manager who manages rental property for a single owner as an employee and does not collect rent.
This option is also incorrect. Similar to Option A, a property manager working solely for one owner and not collecting rent does not require a license, as their activities do not involve managing on behalf of multiple owners or earning fees.
C) A property manager who works for more than one owner for a fee.
This option is correct because property managers who manage properties for multiple owners and charge a fee must be licensed. Licensing is essential to protect both the property owners and tenants, ensuring that the property manager complies with laws and ethical standards.
D) A property owner who manages her own rental properties.
This option is incorrect because property owners managing their own properties do not need a license. They are acting in their own interest, rather than as a representative of multiple owners or collecting fees from others.
Conclusion
The requirement for a property manager to be licensed is clear when they manage properties for multiple owners and receive fees, as indicated in Option C. Options A, B, and D do not meet the criteria for licensing due to the nature of their management roles, which involve either single ownership or lack of financial transactions. Thus, C is the definitive correct answer.