Angela is a licensed Colorado Broker Associate who wants to also work part-time as a property manager for a local apartment complex. The property management activities would include collecting rent, negotiating leases, and showing vacant units to prospective tenants. Under Colorado law, which of the following is most accurate?
Correct Answer
A) Angela may perform property management activities under her existing Broker Associate license if her Employing Broker authorizes the activities
Under C.R.S. § 12-10-201 et seq., property management activities such as collecting rent, negotiating leases, and showing units are considered real estate brokerage activities in Colorado and require a real estate broker license. Angela's existing Broker Associate license covers these activities, provided her Employing Broker authorizes and supervises them. There is no separate property management license in Colorado — the broker license covers both sales and property management.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
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