Property Management
In South Dakota, a property manager who wants to hire a contractor for repairs exceeding the authorization limit in the management agreement must:
AProceed with the work and seek owner ratification after
BContact the owner for approval before authorizing the repair✓ Correct
CReduce the scope of work to stay under the limit
DContact the SDREC for approval
Explanation
Management agreements specify the property manager's authority to spend owner funds without prior approval (e.g.
Related South Dakota Property Management Questions
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