True or false: A property management license does NOT enable the licensee to negotiate, attempt to, or engage in the sale, purchase, etc. for another person for compensation.

A property management license specifically allows individuals to manage properties on behalf of the owner, but it does not extend to activities related to the sale or purchase of real estate for others. Engaging in these activities typically requires a separate real estate broker's or salesperson's license.

The distinction here is important: property management focuses on the leasing and operational aspects of rental properties, such as tenant relations, lease agreements, and property maintenance, rather than the transaction of buying or selling real estate. Thus, the correct understanding is that a property management license does not authorize the licensee to negotiate or facilitate the sale or purchase of properties, thereby affirming that the statement is true.