Agency
A property manager who collects rents, pays bills, and handles maintenance for a property owner is acting as:
AA general agent✓ Correct
BA special agent
CA universal agent
DA subagent
Explanation
A general agent is authorized to perform a range of acts on behalf of the principal in a specific area (e.g., property management). A real estate broker acting as a listing agent is typically a special agent, authorized for one specific transaction.
Related California Agency Questions
- In California, what is the maximum number of days a buyer's agent must provide the buyer with the Agency Disclosure form?
- A subagent owes fiduciary duties to:
- When an agent creates an agency relationship through actions rather than an explicit agreement, this is called:
- The duty of 'obedience' in a fiduciary relationship means an agent must:
- What does it mean when an agent has 'apparent authority' to bind a principal?
- Subagency in real estate refers to:
- An agent who locates a ready, willing, and able buyer for a property, but who was never authorized by the seller, may still claim a commission under what legal theory?
- Which type of listing agreement gives the broker the most protection and guarantees a commission regardless of who sells the property?
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