Property Management
A New York property manager must maintain accurate records of all financial transactions and make them available to the property owner upon request. This duty relates to the fiduciary duty of:
ALoyalty
BAccounting✓ Correct
CObedience
DConfidentiality
Explanation
The fiduciary duty of accounting requires the agent or property manager to maintain accurate records of all funds, transactions, and financial activities related to the client's property and to provide accountings upon request.
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