Question
A manager is a salaried manager of a 20-unit condominium complex. The owner owns one of the units and is leaving town for six months.
A manager is a salaried manager of a 20-unit condominium complex. The owner owns one of the units and is leaving town for six months. If the manager rents the owner's unit to a student for the six-month period, does he need a real estate license?
a. Yes, because the condominium complex contains more than ten units.
b. Yes, because the rental period the Manager had arranged was for more than one month.
c. No, because the complex consists of condominiums and not cooperative apartments.
d. No, because the rental period arranged was for not more than one year.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started