Property management profession Flashcards
1
Q
The obligations of a person in a position of trust who is held by law to high standards of good faith and loyalty
A
Fiduciary duties
2
Q
An agent authorized to handle any and all of the principal’s affairs in a specified job or business area, for example, a real estate broker who is a property manager
A
General agent
3
Q
Leasing or renting, or offering to lease or rent, real property of others for a fee, compensation, commission, or other valuable consideration pursuant to a contract
A
Property management
