Property Management
In Tennessee, a property manager who accepts owner funds but fails to perform any management duties has most likely breached:
AOnly a marketing agreement
BThe property management contract and fiduciary duty✓ Correct
CTennessee zoning ordinances
DOnly TREC advertising rules
Explanation
Accepting compensation while failing to perform agreed management duties constitutes breach of contract and a violation of fiduciary duty. It may also constitute fraud and grounds for license revocation.
Related Tennessee Property Management Questions
- Constructive eviction occurs when:
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