An apartment owner signs a management contract with a real estate broker. Has a agency been established?
A. Yes, the owner has created a general agency with the broker to act on their behalf in managing the apartment.
B. Yes, the agreement creates a universal agency between the apartment owner and the broker.
C. No, an agency can only be formed between a seller and real estate broker.
D. No, an agency with a broker can only be formed in transactions of buying and selling real estate.
Answer: A. Yes, the owner has created a general agency with the broker to act on their behalf in managing the apartment.
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