Property Management
In Washington, a property manager's professional ethical obligation means they should never:
AAccept listings from multiple owners
BAccept kickbacks or undisclosed compensation from vendors for referring property management work✓ Correct
CManage properties in multiple cities
DAdvertise their services to potential property owners
Explanation
Accepting undisclosed kickbacks or rebates from vendors (contractors, maintenance companies) in exchange for referrals is a breach of fiduciary duty to the owner. Any compensation from vendors should be disclosed to the property owner.
Related Washington Property Management Questions
- Under Washington's Landlord-Tenant Act (RCW 59.18), a landlord who fails to make required repairs after proper written notice may be subject to:
- A Washington tenant subleases their apartment without the landlord's written consent, and the lease prohibits subleasing. The landlord's proper course of action is to:
- Washington's Residential Landlord-Tenant Act applies to which type of housing?
- A Washington landlord who wants to convert a rental property to condominiums must follow the requirements of:
- In Washington, a property manager who manages 10 or more residential units should have which type of insurance to protect against errors in property management?
- In Washington, a net lease shifts which costs to the tenant?
- Under Washington's Just Cause Eviction ordinance (applicable in certain cities), a landlord must have a specific reason to terminate a tenancy. Which of the following is typically a valid just cause for eviction?
- A Washington commercial property manager calculates a tenant's proportionate share of common area maintenance (CAM) charges using the tenant's:
Practice More Washington Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Washington Quiz →