A property manager is commonly referred to as which type of agent?

A property manager is commonly referred to as which type of agent?

• A. Special agent
• B. General agent
• C. Universal agent
• D. Dual agent

Answer: (B)

In agency relationships, the breadth of authority defines the type of agent. A property manager acts on behalf of the owner to handle a range of ongoing tasks—leasing units, collecting rents, arranging maintenance, approving expenditures within budget, and managing tenant relations—across the life of the property. This broad, continuing authority is characteristic of a general agent. A special agent, by contrast, is limited to a single specific task or transaction; a universal agent would have authority to do anything the principal can do, which is not typical for property management; a dual agent represents both sides in the same transaction, which also doesn't fit the standard management arrangement. So the property manager is best described as a general agent.

In agency relationships, the breadth of authority defines the type of agent. A property manager acts on behalf of the owner to handle a range of ongoing tasks—leasing units, collecting rents, arranging maintenance, approving expenditures within budget, and managing tenant relations—across the life of the property. This broad, continuing authority is characteristic of a general agent.

A special agent, by contrast, is limited to a single specific task or transaction; a universal agent would have authority to do anything the principal can do, which is not typical for property management; a dual agent represents both sides in the same transaction, which also doesn't fit the standard management arrangement. So the property manager is best described as a general agent.