Property Management
Which of the following is TRUE about a property manager's fiduciary duty in Ohio?
AThe property manager owes fiduciary duties only to tenants
BThe property manager owes fiduciary duties to the property owner as the principal✓ Correct
CThe property manager has no fiduciary duties since they are not a real estate agent
DThe property manager owes equal fiduciary duties to both owners and tenants
Explanation
A property manager acts as an agent for the property owner (principal) and owes the owner full fiduciary duties: loyalty, obedience, disclosure, confidentiality, accounting, and reasonable care.
Related Ohio Property Management Questions
- A property manager in Ohio who collects rents and manages properties for others must:
- In Ohio, a 'move-in inspection' in residential property management serves to:
- In Ohio, a landlord who locks out a tenant without court order is engaging in:
- In Ohio commercial property management, 'usable area' differs from 'rentable area' in that:
- What is a subordination clause in a commercial lease?
- Under Ohio landlord-tenant law (ORC Chapter 5321), a landlord must return a security deposit within:
- What is a property management annual report and what does it include?
- Ohio's Lead Disclosure Rule for rental housing requires landlords of pre-1978 buildings to:
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →