Property Management (alternative)
A Maryland property management company acting as an agent for the property owner has a fiduciary duty that includes which primary obligation?
AMaximize their own management fees
BAct in the best interests of the property owner within the scope of the management agreement✓ Correct
CMaintain all tenant relationships equally regardless of lease terms
DReport all tenant communications to MREC
Explanation
As a fiduciary agent, a property manager must act in the property owner's best interests, exercising loyalty, care, and diligence within the authority granted by the management agreement.
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