Property Management
In South Dakota, a property manager's fiduciary duties run primarily to:
AThe tenant (since the tenant is the one paying rent)
BThe property owner (principal)✓ Correct
CBoth tenant and owner equally
DThe South Dakota Real Estate Commission
Explanation
A property manager acts as an agent for the property owner (principal) and owes fiduciary duties of loyalty, disclosure, confidentiality, obedience, and accounting primarily to the owner.
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