Property Management
A property manager's primary fiduciary duty runs to:
AThe tenants residing in the property
BThe property owner (the principal)✓ Correct
CThe municipality in which the property is located
DThe lender holding the mortgage on the property
Explanation
A property manager acts as the agent of the property owner (principal). The property manager owes fiduciary duties — including loyalty, care, and accounting — to the owner, while also being required to deal honestly and fairly with tenants.
Related Pennsylvania Property Management Questions
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