Midterm Questions Flashcards
1
Q
What type of agency relationship does a property manager most likely have?
A. Special Agency
B. General Agency
C. Exclusive Right to Sell Listing
D. Universal Agency
A
B. General Agency
Property managers usually have some limited decision making authority, which is general agency.
Universal Agency means they have all decision making authority ~also known as “unlimited power of attorney”
Special agency means zero decision making authority.
