Agency
An Indiana property manager acting as an agent for a corporate owner (principal) must take direction from:
AOnly the company's majority shareholder
BAn authorized representative of the corporation designated to act on its behalf✓ Correct
CAny employee of the company
DThe property manager's managing broker
Explanation
A corporation acts through authorized agents. The property manager should take direction from the corporate officer or representative who is duly authorized to direct property management activities on behalf of the corporation.
Related Indiana Agency Questions
- An Indiana buyer's agent who learns during a showing that the seller has told the listing agent they 'must sell within 30 days' should:
- Indiana requires that the agency disclosure form be provided to a consumer:
- A 'naked license' in Indiana means a licensee:
- Indiana's agency law provides that an agent must avoid:
- Which type of agency relationship is created when a broker is appointed to represent a buyer exclusively?
- An Indiana broker who fails to present all offers to the seller unless instructed otherwise in writing may be in violation of:
- A listing agent learns that the seller's roof has an undisclosed leak. The agent's duty requires:
- Subagency occurs when:
Practice More Indiana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Indiana Quiz →