Property Management
In Wyoming, a property manager who enters a written contract with a property owner to manage a property for two years has formed:
AAn employment agreement
BA property management agreement that is a service contract creating an agency relationship✓ Correct
CA lease agreement
DA purchase option
Explanation
A property management agreement is a service contract creating a principal-agent (agency) relationship between the property owner (principal) and the property manager (agent). The manager has authority to manage the property on behalf of the owner within the scope defined in the agreement.
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