While Some Property Owners Choose to Perform Both the Property

question 26

Multiple Choice

While some property owners choose to perform both the property and asset manager functions themselves, many commercial property owners choose to employ professional property managers instead. The property manager works under a management contract in which the manager is empowered to serve as the owner's fiduciary. This type of relationship is more commonly referred to as a(n) :

• A) agency relationship
• B) open listing relationship
• C) joint-venture
• D) correspondent relationship

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Definitions:

Increase

The action of becoming larger or greater in size, amount, number, or degree.

Oropharyngeal Airway

A medical device used to keep the airway open, typically inserted into the mouth to ensure air passage to the lungs.

Nasal Trumpet

A medical device inserted into the nostril to secure an open airway and facilitate breathing.

Thick and Tenacious

Describes substances that are dense and sticky, making them difficult to move or separate.