Property Management
A Washington property management company serves as a fiduciary for their property owner clients. This means they must:
AMaximize their own management fees above all else
BAct in the best interests of the owner and above self-interest✓ Correct
COnly follow instructions that increase property values
DDisclose all owner information to tenants on request
Explanation
As a fiduciary, a property manager must place the owner-client's interests above their own, act with loyalty, disclose all relevant information, and manage the property as the owner would want, exercising reasonable professional judgment.
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