Property Management
Which of the following is an obligation of the property manager under a South Carolina management agreement?
AGuarantee the property will always be fully occupied
BUse reasonable care and diligence in managing the property✓ Correct
CPersonally fund any shortfall in operating expenses
DMaintain the property value above the purchase price
Explanation
A property manager's obligations include using reasonable care and diligence, acting in good faith, following the owner's lawful instructions, and accounting for all funds. They cannot guarantee occupancy or appreciation.
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