Property Management
A NC property manager who receives a bid for a roof repair costing $18,000 should:
AImmediately authorize the repair without owner notification
BNotify the owner and obtain authorization unless the amount falls within the manager's pre-authorized emergency limit✓ Correct
CGet at least 3 bids before contacting the owner
DDelay the repair until the next owner visit
Explanation
Property managers should obtain owner authorization for major expenditures unless they fall within pre-authorized emergency spending limits specified in the management agreement.
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