Property Management
A Wyoming property manager who fails to report property damage discovered during an inspection to the owner within a reasonable time may be liable for:
ANothing since inspections are informal
BBreach of fiduciary duty and potential liability for increased damage from delayed repairs✓ Correct
COnly the cost of the inspection
DA fine from the WREC only
Explanation
Property managers have a duty to disclose material information to the owner, including property damage discovered during inspections. Failing to report damage promptly can result in greater damage from delayed repairs, and the manager may be liable for the difference.
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