Property Management
A property manager who accepts a fee from a vendor without disclosing it to the owner is guilty of:
AStandard business practice
BBreach of fiduciary duty and possibly fraud✓ Correct
CA minor administrative violation only
DA zoning violation
Explanation
Accepting undisclosed compensation from vendors while serving as a property manager is a breach of fiduciary duty (loyalty) and may constitute fraud or conversion. All compensation must be disclosed to and approved by the property owner.
Related Idaho Property Management Questions
- What is 'professional liability insurance' (E&O insurance) for Idaho property managers?
- A property manager who receives compensation from a vendor for recommending the vendor's services to the property owner has committed:
- What is a 'CAM charge' in a commercial lease?
- What is 'deferred maintenance' in property management and why is it a concern?
- What is a 'real estate limited partnership' (LP) and how is it used in Idaho property investment?
- Which of the following is an example of a 'net lease' arrangement?
- What does an Idaho property manager do with a security deposit when the tenant vacates and there are no deductions?
- What is 'gross leasable area' (GLA) in commercial property management?
Practice More Idaho Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Idaho Quiz →