Practice & MathQuestion 91 of 100
A key responsibility of a property manager is to:
a.Personally guarantee the owner's mortgage
b.Appraise the property for lending purposes
c.Set property tax rates for the county
d.Maximize the owner's return while maintaining the property's value
Explanation
A property manager's core duty is to protect the owner's investment by maximizing income and preserving or enhancing the property's value. This includes marketing, leasing, maintenance, and financial reporting. The manager acts as the owner's fiduciary agent.
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