Agency
Under Missouri law, when a licensee provides property management services without a written management agreement, they:
AAre protected by implied agency
BTake on significant risk since their authority, duties, and compensation are not defined✓ Correct
CAre automatically a buyer's agent
DAre exempt from MREC requirements
Explanation
Without a written management agreement, the property manager's authority, duties, and compensation are undefined. This creates legal risk for both parties and violates good professional practice.
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