Property Management Agreement

National · Leasing & Property Management — free cheat sheet for the real estate licensing exam.

🔑 Leasing & Property Management

📋 The 1-minute cheat sheet

Creates a GENERAL agency between owner and property manager
Must cover: fees (often % of collected rent), authority, reporting, term
Manager's #1 duty: maximize owner's return while protecting the asset
Trust accounting for rents & deposits — same commingling rules
Manager must obey fair housing in tenant selection — no 'preferred tenant profile'

Is Property Management Agreement on the real estate exam?

Yes. Leasing & Property Management is a scored domain on the real estate licensing exam, and this topic appears in the national portion.

Is this cheat sheet free?

Yes — every page on CinnaPrep's resource library is free to read, print and share. The app adds practice questions, mock exams and a readiness score.