Practice and Disclosures, 25% of the examination
Property management
Managing rental real estate for another, including leasing, rent collection, maintenance coordination, records, and tenant relations.
A person who leases, rents, or collects rent for another for compensation generally performs licensed activity unless an exemption applies. The property manager must also handle trust funds, habitability issues, security deposits, fair housing, notices, and the owner's instructions within the law.
Test the distinction
A relevant question from Practice and Disclosures, selected because its facts or explanation use this concept.
Does a salesperson need a license to manage residential rental property for an owner?
Written to DRE's published topic list. Not a real examination question, since reproducing those is a misdemeanor under B&P Code section 123.
Primary sources
Use these authorities when a course summary, forum answer, or older flashcard conflicts with the current California rule.