Property Management
A property manager's primary fiduciary duty is owed to:
AThe tenants of the managed property
BThe property owner (principal/client)✓ Correct
CBoth owners and tenants equally
DThe local housing authority
Explanation
A property manager acts as an agent for the property owner and owes fiduciary duties (loyalty, care, disclosure, obedience, accounting) to the owner as the principal, not to the tenants.
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