Property Management
A Maine property management agreement is a contract between:
AThe property manager and the tenant
BThe property owner and the management company (broker)✓ Correct
CThe MREC and the property manager
DThe municipality and the property manager
Explanation
A property management agreement is a contract between the property owner (principal) and the property management company (agent/broker) authorizing the manager to manage the property on the owner's behalf.
Related Maine Property Management Questions
- Under Maine's Residential Landlord and Tenant Act, which of the following is a landlord's obligation?
- In Maine, a landlord who raises rent by an excessive amount in retaliation for a tenant's fair housing complaint may face claims under:
- In Maine, a 'net lease' in commercial property management means:
- Under Maine law, a landlord must return a tenant's security deposit within how many days after the tenancy ends?
- Which of the following is an example of a property manager's fiduciary duty to the owner?
- Under Maine law, a landlord may NOT retaliate against a tenant for:
- A Maine net lease (NNN lease) requires the commercial tenant to pay:
- Maine's 'foreclosure prevention assistance' programs are administered by which agency?
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