Property Management Agreement Quiz
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Questions and Answers

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?

  • Partially contractual
  • Legally binding
  • Contractual
  • Un-contractual (correct)

    • 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?

    <p>No, as it is unnecessary in an un-contractual engagement</p> Signup and view all the answers

    Why might a Property Manager choose not to enter into a written agreement in an un-contractual engagement?

    <p>To maintain the informal nature of the engagement</p> Signup and view all the answers

    What is the primary reason for the un-contractual nature of a Property Manager's engagement?

    <p>To simplify the working relationship</p> Signup and view all the answers

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