Property Management
A property manager's fiduciary duty to the property owner includes which of the following?
AGuaranteeing the property will produce a specified net income
BActing in the owner's best financial interest, disclosing conflicts of interest, and maintaining accurate accounts✓ Correct
CPersonally guaranteeing tenant lease obligations
DProviding free property management services during vacancies
Explanation
A property manager as agent owes the owner fiduciary duties including loyalty, care, and accounting — acting in the owner's best financial interest, disclosing conflicts of interest, and maintaining accurate and transparent financial records.
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