A broker associate who has several rental properties is asked by his relative to manage the relative's three rental properties. What may the broker associate do?
a. He must obtain his employing broker's permission
b. He may manage the properties without involving the employing broker because it is for a relative
c. He must sign a management agreement and set up a trust account
d. He should open a separate account for funds to avoid commingling
Answer: a. He must obtain his employing broker's permission
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