Property & OwnershipQuestion 100 of 120
In property management, the manager's primary fiduciary duty is to:
a.Protect the owner's investment and maximize its return within the law
b.Favor tenants over the owner
c.Personally guarantee rent payments
d.Set rents below market to fill vacancies quickly
Explanation
A property manager acts as the owner's agent and must protect and enhance the owner's investment while complying with the law. This includes prudent management of income, expenses, and maintenance.
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