Final answer:
A real estate property manager who is a sole practitioner should make arrangements, such as appointing a temporary manager, to handle the business in their absence, considering both ethical and legal obligations.
Step-by-step explanation:
If a real estate property manager licensed as a sole practitioner wants to be absent from his office for a long period, the property manager does not necessarily have to sell the business or close it temporarily. However, business ownership as a sole proprietorship carries significant personal responsibility, including management of daily operations and assuming all risks associated with the business.
The decision largely depends on the obligations to clients and the regulations governing real estate management in the applicable jurisdiction. There may be a legal or ethical requirement to ensure that the business continues to operate smoothly in the owner's absence.
If a real estate property manager licensed as a sole practitioner wants to be absent from his office for a long period, the property manager must appoint a temporary manager.
As a sole proprietor, the property manager is the business and is personally responsible for all debts and liabilities. Therefore, leaving the business unattended or closing the business temporarily are not viable options. Selling the business would be an extreme measure and not necessary in this situation.
This could mean appointing a temporary manager who is qualified to handle the responsibilities, or making other arrangements to maintain service to clients.
Therefore answer is a) Must appoint a temporary manager.