A real estate agent managing properties for an investor is considered what type of agent?

A real estate agent managing properties for an investor is considered a general agent. This classification arises from the nature of the relationship and the scope of authority granted to the agent by the investor. A general agent has broad authority to act on behalf of the principal within a specific area or for a particular purpose, in this case, managing real estate properties.

In the context of real estate, a general agent typically has the ability to perform various activities related to property management, including renting, maintaining, and leasing properties, which reflects the ongoing and comprehensive nature of their role. This contrasts with a special agent, who would have a more limited role, usually focused on a particular transaction, such as selling a single property.

The concept of an implied agent refers to a relationship that arises from the actions or conduct of the parties involved, rather than being clearly defined in a formal agreement. This does not accurately describe the formal nature of a real estate agent's relationship with an investor.

Lastly, a universal agent is someone who has the authority to represent the principal in all matters of business, which is a broader scope than the typical general agency of a real estate agent. Thus, understanding these distinctions is crucial in recognizing why a real estate agent fits the definition of a general agent