When a property manager performs real-estate-related tasks for one owner while being paid a salary, what is true?

When a property manager is performing real-estate-related tasks for a single owner and is compensated via a salary, it typically falls under the category of an employee-employer relationship. In many jurisdictions, such an arrangement can exempt the property manager from the requirement to obtain a real estate license. This is because, as an employee of the property owner, the manager is acting on behalf of the owner rather than engaging in independent business activities that would necessitate a license.

This distinction is crucial since licensing requirements are often aimed at individuals who conduct real estate transactions independently or for multiple clients. In this specific situation, the property manager is essentially seen as an extension of the owner’s operations, managing the property under the owner's directive and paying structure, rather than providing services to various clients in the marketplace.

In summary, the correct statement is that a property manager in this context doesn’t require a real estate license because they are working exclusively for one property owner as an employee rather than as an independent agent.