Which statement is incorrect about licensing requirements in the US and Canada?

The correct statement about licensing requirements in the US and Canada is that contacting local regulatory bodies guarantees the most current info. Local regulatory bodies are indeed the best source for up-to-date information regarding licensing, as regulations can vary significantly by state or province and may be subject to change.

Licensure requirements being verified by state commissions is essential for ensuring compliance with local laws, as each state has its own specific regulations. In jurisdictions where broker licenses aren't required, it is not entirely accurate to say that no regulations apply; there might still be other local or regional laws governing property management. Additionally, while property managers typically need a real estate license in many areas, this is subject to exceptions based on local laws.

In summary, contacting local regulatory bodies provides reliable and current information regarding licensing, ensuring that individuals in property management are fully aware of the requirements they must meet.