Property Management Licensing Practice Exam · Question
To avoid a conflict of interest, a property manager who also owns a maintenance company should:
Ethical property management requires full disclosure of any potential conflict of interest to the client. The client must provide informed consent before the ma
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Question: To avoid a conflict of interest, a property manager who also owns a maintenance company should:
Answer options:
- Automatically assign all repair work to their own company. ✅ Disclose the ownership interest to the client and obtain their express consent before engaging their own company.
- Only use their company for small, inexpensive repairs.
- Not disclose the relationship, as long as the work is of good quality.
Correct answer: Disclose the ownership interest to the client and obtain their express consent before engaging their own company.
Explanation: Ethical property management requires full disclosure of any potential conflict of interest to the client. The client must provide informed consent before the manager's personal or associated business benefits from transactions related to the property.
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