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A __________ manages a property or the financial affairs of someone else.a.caretakenb.Agentc.Stewardd.manager

Question

A __________ manages a property or the financial affairs of someone else.

a. caretaken
b. Agent
c. Steward
d. manager

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Solution

The correct answer to your question is:

b. Agent

Explanation:

An agent is someone who acts on behalf of another individual or entity, known as the principal. In the context of property management or financial affairs, an agent is often appointed to handle various tasks such as leasing property, managing expenses, handling tenant relations, and ensuring that the financial aspects of property ownership are taken care of. They are entrusted with the responsibility to act in the best interest of their principal, making decisions that align with the owner’s goals and financial strategy. The role of an agent is crucial in ensuring efficient and effective management of assets, freeing the principal from the day-to-day obligations associated with their properties or finances.

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