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Question #27 of 60
People who do not otherwise engage in real estate brokerage activity must still have a real estate license if they
A) control the acceptance or deposit of rent for a single-family residential unit.
B) control the acceptance or deposit of rent for a duplex.
C) control the acceptance or deposit of rent for a multifamily residential unit.
D) control the acceptance or deposit of rent for commercial property.

Ask by Page Hodgson. in the United States
Mar 31,2025

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C) control the acceptance or deposit of rent for a multifamily residential unit.

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Bonus Knowledge

The correct answer is A) control the acceptance or deposit of rent for a single-family residential unit. In many states, engaging with rent transactions, even as an owner or manager, necessitates having a real estate license to ensure consumer protection and adherence to local real estate laws.
In the world of real estate, understanding your local regulations can be crucial. For instance, property management agreements often have specific legal stipulations that protect both landlords and tenants. Familiarizing yourself with these can preempt misunderstandings and foster smoother rental experiences.

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