Colorado Question - Broker vs Agent

[Linda Weygant]

Hi All,

I'm getting tripped up on a vocabulary item and am hoping some folks from Colorado can chime in.  I have a friend who asked me to manage his rental, but I cannot because of this:

Everything I read says that you must be a real estate broker to manage property for an unrelated party.

However, when I try to delve further into this, things become unclear.

Some say that a real estate agent can manage real estate.  Others say that you must be a broker.  My understanding of the difference is that a broker has additional experience and education than an agent.  Others seem to use the term broker and agent interchangeably.

Does anybody know the real skinny on this?  If I were to try to get my agent license, would I be able to manage property?  Or would I have to go an additional step and become a broker?

I've tried the search function here and my google-fu also seems to not be working on this topic.

Thanks!