Property Management
A New Mexico property manager's fiduciary duty to the owner includes which of the following?
ASetting the lowest possible rents to maximize occupancy
BAccounting for all funds received and disbursed, maintaining proper records✓ Correct
CDisclosing the owner's financial situation to prospective tenants
DAllowing tenants to make decisions about property maintenance
Explanation
A property manager's fiduciary duties include loyalty, diligence, disclosure of relevant information to the owner, and accounting—maintaining complete and accurate financial records for all transactions.
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