Property Management Licensing Practice Exam · Question
Sarah, a property manager in Vancouver, manages a residential building. She receives a gift basket valued at $200 from a landscaping company after recommending them to her client, the building owner, for a major project. Sarah did not disclose this gift to her client. Which ethical principle has Sarah most likely violated?
As a fiduciary, Sarah owes her client the duty to act in their best interest, which includes avoiding conflicts of interest and not profiting secretly from her
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Question: Sarah, a property manager in Vancouver, manages a residential building. She receives a gift basket valued at $200 from a landscaping company after recommending them to her client, the building owner, for a major project. Sarah did not disclose this gift to her client. Which ethical principle has Sarah most likely violated?
Answer options:
- Honest Dealing
- Confidentiality ✅ Fiduciary Duty
- Record-keeping
Correct answer: Fiduciary Duty
Explanation: As a fiduciary, Sarah owes her client the duty to act in their best interest, which includes avoiding conflicts of interest and not profiting secretly from her position. Receiving and not disclosing a gift from a recommended vendor violates this fiduciary duty.
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