Property Management
A Missouri commercial property manager who signs leases on behalf of the owner needs:
ANo special authority
BWritten authority from the owner (management agreement or power of attorney)✓ Correct
COnly verbal authority
DMREC authorization
Explanation
Signing leases on behalf of a property owner requires written authority. Under the equal dignities rule, when the underlying lease must be in writing, the authorization to sign must also be in writing.
Related Missouri Property Management Questions
- A Missouri property manager who advertises a rental should include which of the following to avoid fair housing issues?
- A Missouri property management company that manages 200 residential units would typically use a management fee structure based on:
- Under Missouri law, a commercial property manager who has authority to sign leases under the management agreement is acting as the owner's:
- In Missouri, when a commercial lease requires the tenant to maintain certain hours of operation, this type of clause is called a:
- In Missouri, an owner who wants to convert a rental property to condominiums must comply with:
- In Missouri, a commercial tenant with a 'percentage lease' pays:
- A Missouri property manager should conduct regular property inspections to:
- A Missouri property manager who collects more rent than is owed and keeps the excess is guilty of:
Practice More Missouri Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Missouri Quiz →