Property Management
A property manager's duty to account in Indiana includes all of the following EXCEPT:
AMaintaining accurate records of all income and expenses
BProviding regular financial statements to the owner
CGuaranteeing a minimum return on the owner's investment✓ Correct
DAccounting for all security deposits held
Explanation
A property manager cannot guarantee a minimum investment return — this would make them a guarantor, not an agent. The accounting duty covers accurate records, reporting, and segregating client funds.
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