Question
Question \#7 of 21 According to the National Association of REALTORS \( { }^{\oplus} \), what percentage of real estate agents specialized in property management in 2022 ? A) \( 4 \% \) B) None, real estate agents cannot act as property managers C) \( 20 \% \) D) \( 10 \% \)
Ask by Maxwell Logan. in the United States
Mar 10,2025
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Answer
The correct answer is 4%.
Solution
1. The question asks: what percentage of real estate agents specialized in property management in 2022, according to the National Association of REALTORS?
2. The provided options are:
- **A)** \( 4\% \)
- **B)** None, real estate agents cannot act as property managers
- **C)** \( 20\% \)
- **D)** \( 10\% \)
3. The correct information from the National Association of REALTORS indicates that approximately \(4\%\) of real estate agents specialized in property management in 2022.
4. Therefore, the correct answer is:
**A) \( 4 \% \).**
Answered by UpStudy AI and reviewed by a Professional Tutor
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Simplify this solution The Deep Dive
In 2022, approximately 10% of real estate agents specialized in property management, according to the National Association of REALTORS. This specialization allows agents to focus on managing rental properties, dealing with tenants, and handling daily operations, which can be quite different from traditional real estate sales. For those exploring a career in real estate, property management can be a lucrative avenue. Agents who pivot to this specialty gain valuable experience in tenant relations, maintenance coordination, and legal obligations, making them well-rounded professionals in the real estate industry. Plus, managing properties can provide a consistent income stream!
