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Which of the following agency relationships is commonly seen between a property manager and the property owner?

A) Universal agency
B) Dual agency
C) General agency
D) Special agency

User Noonex
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1 Answer

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Final answer:

A general agency relationship is typically established between a property manager and a property owner, allowing the manager to handle a range of duties concerning the management of the owner's property.

Step-by-step explanation:

The relationship commonly seen between a property manager and the property owner is a general agency relationship.

A general agency allows the property manager to perform a series of tasks related to the management of the property owner's real estate.

This includes doing things such as collecting rent, handling maintenance and repairs, and interfacing with tenants.

Unlike a special agency, which is limited to a specific task or transaction, a general agency enables the property manager to manage all aspects of the property on a day-to-day basis without needing further authorization for each task.

User Sagar Chilukuri
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