Property Management
Which of the following is an example of a property manager's fiduciary duty to the owner?
ASelecting tenants based on personal preference
BAccurately accounting for all rents collected and expenses paid✓ Correct
CDeferring maintenance indefinitely to save money
DNegotiating below-market leases with friends
Explanation
A property manager owes a fiduciary duty to the property owner, which includes faithful accounting for all rents collected, expenses paid, and funds held, as well as loyalty and full disclosure.
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