What types of fees are property managers allowed to charge according to the management agreement?

Prepare for the Oregon Pre-License Property Management Exam with our quiz. Practice with multiple-choice questions and detailed explanations. Boost your confidence and get ready to ace your exam!

The selected answer identifies management fees, leasing fees, and maintenance fees as types of fees that property managers are authorized to charge according to the management agreement. This is correct because these fees are standard components of property management agreements.

Management fees are typically a percentage of the monthly rent collected by the property manager and cover the overall services provided in managing the property. Leasing fees are charged for finding and placing tenants in the property, an essential service for maximizing rental income. Maintenance fees may also be included to cover the costs of repairs and upkeep of the property, ensuring it remains in good condition for tenants.

This combination of fees reflects the various aspects of a property manager's responsibilities, from active management and tenant placement to property maintenance. Other options may contain fees that either aren't standard in management agreements or don't comprehensively represent the primary functions of property management as outlined in typical contracts.

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