Property Management
A property manager who collects rents and makes maintenance decisions is acting as a:
AUniversal agent with unlimited authority
BGeneral agent with authority over ongoing property management activities✓ Correct
CSpecial agent limited to a single transaction
DSub-agent of the tenant
Explanation
A property manager typically acts as a general agent, authorized to conduct the ongoing management activities for the owner — including collecting rent, arranging repairs, and leasing units — on a continuous basis.
Related Nebraska Property Management Questions
- In Nebraska, a landlord must return a tenant's security deposit within how many days after the lease ends and the tenant vacates?
- The capitalization rate used in property management decisions helps the owner to:
- Under Nebraska's URLTA, a landlord must provide a written receipt for a cash security deposit within:
- A net lease in commercial property management requires the tenant to pay:
- A property manager's management fee is typically calculated as:
- A property manager who is hired by an owner to manage a rental property is best classified as:
- A property manager who collects rent, pays bills, and retains the remainder as the owner's net income is operating under which accounting method?
- The Americans with Disabilities Act (ADA) accessibility requirements for commercial properties are enforced by:
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