Which of the following is considered a fiduciary duty of a property manager?

A property manager's fiduciary duty fundamentally involves acting in the best interest of the property owner. This obligation requires the manager to prioritize the owner's financial interests and operational goals above all else. It encompasses duties such as acting with loyalty, exercising reasonable care, and providing full disclosure of relevant information. By focusing on the owner's best interests, a property manager ensures that decisions regarding management, leasing, and maintenance are made with the goal of maximizing the property's value and ensuring its profitability.

While marketing the property, managing tenant relationships, and handling maintenance requests are important responsibilities of a property manager, these tasks are not fiduciary in nature. They are essential operational duties that support the broader obligation to serve the best interests of the owner. However, they do not inherently encapsulate the deeper ethical commitment that defines fiduciary duty. Therefore, the correct understanding of fiduciary duty highlights the essential relationship of trust and confidence placed in the property manager by the owner, which is a cornerstone of property management practice.