Property Management
A Wyoming property management agreement must include:
AOnly the property address and manager's name
BThe scope of authority, compensation, duration, and owner's obligations✓ Correct
CApproval from the Wyoming Real Estate Commission
DSignatures of all tenants in the managed property
Explanation
A proper property management agreement should define the scope of the manager's authority, management fees and compensation structure, the duration of the agreement, the owner's obligations, and reporting requirements. It is a contract between the owner and the management company.
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