Property Management
A Connecticut property manager who accepts kickbacks from contractors for repair referrals is:
APermitted if the owner receives a discount
BViolating fiduciary duties and potentially Connecticut law✓ Correct
CRequired to report this income to the IRS only
DActing within normal property management practices
Explanation
Accepting undisclosed kickbacks from contractors violates the property manager's fiduciary duty of loyalty to the property owner and may violate Connecticut law. Any financial arrangement with contractors must be disclosed to and approved by the owner.
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