Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
Should a Property Manager enter into a written agreement with the Client?
Should a Property Manager enter into a written agreement with the Client?
- Yes, it is necessary to have a written agreement (correct)
- No, a written agreement is not required
- No, verbal agreements are sufficient
- Yes, but only if the Client insists on it
What is the nature of the engagement of a professional Property Manager?
What is the nature of the engagement of a professional Property Manager?
- Partially contractual
- Legally binding
- Contractual
- Un-contractual (correct)
Can a Property Manager's appointment be informal?
Can a Property Manager's appointment be informal?
- Yes, verbal agreements are sufficient
- Yes, if the Client agrees to informal terms
- No, a formal contract is required by law
- No, it should always be formalized in writing (correct)
In an un-contractual engagement, should a Property Manager enter into a written agreement with the Client?
In an un-contractual engagement, should a Property Manager enter into a written agreement with the Client?
Signup and view all the answers
Why might a Property Manager choose not to enter into a written agreement in an un-contractual engagement?
Why might a Property Manager choose not to enter into a written agreement in an un-contractual engagement?
Signup and view all the answers
What is the primary reason for the un-contractual nature of a Property Manager's engagement?
What is the primary reason for the un-contractual nature of a Property Manager's engagement?
Signup and view all the answers
