Oregon 30-Hour Real Estate Law Practice Test

What type of agent is Paulo when managing properties for a landlord?

1. Special

2. General

3. Designated

4. Limited

The correct answer is: General

When managing properties for a landlord, Paulo is a general agent. A general agent has broad authority to act on behalf of the principal (in this case, the landlord) in a variety of matters related to the property management, including leasing, maintenance, and financial transactions. This role allows the general agent to conduct activities that are typical and necessary for the property's operation without needing to seek advance approval from the landlord for each action taken. This relationship is characterized by the ability to perform a wide range of tasks on behalf of the landlord, creating a long-term, ongoing relationship that encompasses various aspects of property management. In contrast, a special agent would be limited to a specific task or transaction and would not have the comprehensive authority that a general agent possesses. A designated agent typically represents one party in a transaction (like a buyer or seller) and does not engage in complete property management. A limited agent would have restricted powers outlined by the principal, which is not the case for Paulo's role as a general agent. Thus, the classification of Paulo as a general agent reflects his ability to manage properties comprehensively for the landlord.