Property Management
What is a property manager's fiduciary duty to the property owner?
AMaximize occupancy at any rent level
BAct in the owner's best interest, including loyal and careful management of the property✓ Correct
CMinimize their own workload
DComply with tenant requests only
Explanation
A property manager owes fiduciary duties to the property owner including loyalty (acting in owner's best interest), care (competent management), and accounting (proper handling of funds).
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