A property manager who is an employee of the owner/landlord and doesnt receive payments based upon rentals is:

not exempted from licensing.

exempted from licensing.

required to renew their employment agreement annually.

required to have a management agreement.

A Designated Agency would occur:

When a client is unhappy with the service and asks the broker for a new agent

When the broker asks the clients to agree in a commercial transaction

When transaction brokerage will not work

When requested by the clients in a commercial transaction

A voidable contract is one:

Where the contract cannot be enforced

Where both parties are liable for the results

Where one party may void the contract for impossibility of performance

Where the contract is no longer useful