Practice & MathCâu 93 / 100
A property management agreement between an owner and a property manager typically creates:
a.A buyer agency relationship
b.No agency relationship at all
c.A general agency relationship
d.A subagency to the tenant
Giải thích
A property management agreement generally makes the manager a general agent, authorized to handle a range of ongoing tasks on the owner's behalf. This is broader than the special agency of a listing broker hired for one transaction. The manager owes fiduciary duties to the owner.
Luyện miễn phí toàn bộ 100 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A $19,200 total commission is split 50/50 between the listing and selling brokerages, and the listing salesperson keeps 60% of their brokerage's share. How much does that salesperson earn?
- A key responsibility of a property manager is to:
- A property owner wants a 12% annual return on a $250,000 investment. What annual net income must the property generate?
- The process of weighing the value estimates from multiple appraisal approaches into a final opinion of value is called:
- A comparable property sold for $310,000 but has an extra bathroom worth $10,000 that the subject property lacks. To adjust, the appraiser would:
- A tenant who remains in possession after the lease expires without the landlord's consent creates a:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với New York Real Estate Salesperson Licensing Exam · Quy trình kiểm tra