1. A licensee may manage property for an owner for a fee only if there is:
Answer & explanation
Answer: D. Property management agreements must be written and signed; they make the manager a general agent and define duties, authority and fees.
property
license
In property law, a license is personal, revocable permission to enter or use someone else's land for a specific purpose. It does not create an interest in the land, is not an encumbrance, and generally ends if the owner revokes it, sells the property, or the licensee dies. Common examples include tickets to a concert or permission to fish in a neighbor's pond.
- Exam tip
- Exams contrast a license with an easement: an easement is an interest in land that usually runs with it, while a license is mere permission that can be revoked at any time.
- Example
- A farmer tells a neighbor he may park his boat trailer in the barn this summer. The farmer can withdraw that permission whenever he chooses.
Related terms & state variants
Sources
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Last verified: 2026-10-23