Agency
A Minnesota real estate licensee is working as a property manager for a building. A prospective tenant asks the agent to help them find another apartment. The agent can:
AHelp the tenant as a buyer's agent without any disclosure requirements
BExplain the nature of the agent's relationship to the building and potential conflicts✓ Correct
CRepresent both the building owner and the prospective tenant without disclosure
DDecline to help the tenant in any capacity
Explanation
A property manager who is also asked to help a tenant find housing represents a potential dual agency situation. The agent must disclose their existing relationship with the building owner to the prospective tenant and explain the potential conflicts. The tenant can then make an informed decision about whether to use this agent for their housing search.
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