Agency Law
A property management agreement typically creates what type of agency relationship?
- aSpecial agency
- General agency
- cUniversal agency
- dGratuitous agency
Answer: B · General agency
A property manager is a general agent — authorized to handle a range of ongoing tasks (leasing, maintenance, collecting rent) over time. A listing agent is a special agent (one transaction). Common trap: students think all real estate agency is "special"; property management is general agency.
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