Property Management
A Washington property management company enters into a management agreement with a property owner. The management agreement should specify all of the following EXCEPT:
AThe scope of the manager's authority
BThe management fee structure
CThe manager's personal credit score✓ Correct
DReporting requirements and accounting procedures
Explanation
A property management agreement covers the scope of authority, fee structure, reporting requirements, insurance requirements, and termination provisions. The manager's personal credit score is not a standard provision in a property management agreement.
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