Property Management
A West Virginia property manager negotiates a lease on behalf of the owner. The manager's authority to bind the owner to the lease arises from:
AThe management agreement between owner and manager✓ Correct
BThe tenant's signature on the lease
CThe WVREC license of the manager
DThe county recording of the lease
Explanation
A property manager's authority to act on behalf of the owner — including negotiating and signing leases — comes from the management agreement (agency agreement). The management agreement defines the scope and limits of the manager's authority.
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