In the context of real estate, which entity typically benefits from a management agreement?

A management agreement in real estate is a contractual arrangement between a property owner and a property manager, where the property manager is tasked with overseeing the operations of a property on behalf of the owner. This agreement outlines the responsibilities of the property manager, which may include managing tenants, collecting rent, maintaining the property, and ensuring it operates efficiently.

The property owner benefits the most from this agreement as it allows them to leverage the expertise and resources of the property manager to maximize their investment. The property manager assumes day-to-day responsibilities, providing the owner with peace of mind and the potential for higher returns through effective management. The owner can focus on other investments or personal matters while trusting the property manager to handle day-to-day operations and maximize the property's value.

While a property buyer, property seller, and property manager all play roles in real estate transactions or management, it is the property owner who directly gains the benefits outlined in a management agreement, making this the correct choice.