Property Management
A Virginia property manager's management agreement is with the property owner. The primary duty of loyalty is owed to:
AThe tenants
BThe property owner (principal)✓ Correct
CVREB
DThe mortgage lender
Explanation
The property manager, as an agent, owes fiduciary duties including loyalty, obedience, disclosure, confidentiality, accounting, and reasonable care primarily to the owner (principal) who employed them.
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