Property Management
A NJ property manager's fiduciary duties to the property owner include all of the following EXCEPT:
ALoyalty and acting in the owner's best interests
BMaintaining the property's highest resale value at all times✓ Correct
CAccounting for all funds received
DUsing reasonable care and skill in managing the property
Explanation
Property managers owe fiduciary duties of loyalty, care, accounting, and obedience. However, guaranteeing maximum resale value at all times is not a fiduciary obligation—market conditions, not management alone, determine value.
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