Property Management Question and answers 100% correct

Property Management Question and answers 100% correct Which statement is CORRECT? (a) Property management and real estate brokerage are the same thing. (b) All real estate brokers in Texas must allow sponsored agents to perform property management activities. (c) Some real estate brokers do not allow property management activities by their sponsored agents. (d) Property management is not considered a real estate brokerage activity in Texas. - correct answer c. Some real estate brokers do not allow property management activities by their sponsored agents In Texas, agents need to be _________ in order to show, lease, or accept payment for soliciting space for property owners. (a) Licensed (b) Bonded (c) Certified (d) Exempted - correct answer a. Licensed A(n) __________ is a person who, for a fee, manages a property for someone else. (a) Real estate agent (b) Unlicensed assistant (c) Real estate broker (d) Property manager - correct answer d. Property manager The four phases of a business cycle are prosperity, recession, contraction, and __________. (a) Trough (b) Depression (c) Recovery (d) Rehabilitation - correct a