A property owner hires a licensed property manager to handle tenant screening, rent collection, and maintenance for a 20-unit apartment building. What type of agency relationship exists between the owner and the property manager?
Correct Answer
A) A general agency, because the property manager has broad authority to act on the owner's behalf for ongoing property management duties
A property manager typically holds a general agency relationship with the property owner. The manager is authorized to perform a range of ongoing tasks—tenant screening, rent collection, maintenance coordination—within the scope defined by the management agreement.
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