PSI New Jersey Real Estate State Practice Exam

Which activity does NOT require licensure for property management?

1. Collecting rent from tenants

2. Maintaining common areas

3. Managing residential real estate

4. Providing occasional maintenance calls

The correct answer is: Providing occasional maintenance calls

Providing occasional maintenance calls does not require licensure for property management because these activities are generally seen as ancillary or supportive services rather than core property management functions. Maintenance calls can be performed by individuals who are not formally licensed property managers, especially if they are responding to specific maintenance issues as a part of operational support. In contrast, collecting rent from tenants is a fundamental task that involves managing financial transactions and tenant relations, which falls under the responsibilities that typically require a property management license. Maintaining common areas is also a critical responsibility of property management, often requiring adherence to safety regulations and expertise in property maintenance law, thus necessitating a licensed professional. Managing residential real estate encompasses a wide range of activities, including leasing and tenant management, which by law require licensure to ensure compliance with real estate regulations.