What type of agent is a real estate agent acting as a property manager?

What type of agent is a real estate agent acting as a property manager?

• A. General agent
• B. Special agent
• C. Brokering agent
• D. Sub-agent

Answer: (A)

A real estate agent acting as a property manager is considered a general agent. This is because general agents have broad authority to act on behalf of their clients for a range of tasks within a specified area or context. In the case of property management, the agent is responsible for various ongoing responsibilities such as leasing, maintenance, and financial management of the property. This encompasses a wide scope of activities, which fits the definition of a general agency relationship. In contrast, a special agent is typically authorized to perform a specific task or act, such as selling a particular property. Brokering agent is not an officially recognized term in the context of agency relationships in real estate, and while a sub-agent acts on behalf of a principal through another agent, the property manager generally has a direct relationship with the property owner, making them a general agent. Thus, the designation of general agent accurately reflects the breadth and nature of a property manager's responsibilities.

A real estate agent acting as a property manager is considered a general agent. This is because general agents have broad authority to act on behalf of their clients for a range of tasks within a specified area or context. In the case of property management, the agent is responsible for various ongoing responsibilities such as leasing, maintenance, and financial management of the property. This encompasses a wide scope of activities, which fits the definition of a general agency relationship.

In contrast, a special agent is typically authorized to perform a specific task or act, such as selling a particular property. Brokering agent is not an officially recognized term in the context of agency relationships in real estate, and while a sub-agent acts on behalf of a principal through another agent, the property manager generally has a direct relationship with the property owner, making them a general agent. Thus, the designation of general agent accurately reflects the breadth and nature of a property manager's responsibilities.