What term describes a broker acting on behalf of a landlord in a real estate transaction?

Prepare for the Law of Agency Test. Delve into multiple choice questions featuring hints and explanations. Sharpen your understanding of agency law and gear up for success!

The term "landlord's agent" accurately describes a broker acting on behalf of a landlord in a real estate transaction. In the context of agency law, an agent is someone who has been authorized to act on behalf of another party, known as the principal. When a broker is hired by a landlord to oversee the leasing of a property, negotiate terms, or interact with potential tenants, they assume the role of the landlord's agent. This relationship establishes a fiduciary duty where the agent must act in the best interests of the landlord, ensuring that the landlord's needs and objectives are prioritized.

Using "landlord's representative" could imply a more informal role without the same legal implications as an agent, thereby lacking the sense of legal authority and responsibilities encompassed by the agency relationship. Meanwhile, "tenant's agent" refers specifically to someone representing the interests of the tenant, which is the opposite party in this scenario. The term "property manager" could describe someone who oversees the day-to-day operations of a rental property but does not necessarily represent the landlord in negotiations and transactions with potential tenants in the same way that an agent would. Hence, "landlord's agent" is the most precise term here.

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