When a property manager signs a property management contract with an owner, the property manager is a
A) fiduciary of the property owner.
B) third-party to the contract.
C) universal agent of the broker.
D) principal of the property owner
Answer: A) fiduciary of the property owner.
Business
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A(n) ________ is a fiduciary relationship which results from the manifestation of consent by one person to another that the other shall act in his behalf and subject to his control, and consent by the other so to act
A) assignment B) garnishment C) accommodation D) agency
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The Mark Fund had a rate of return of 18% last year. If its beta weight was +1.5 and if the return on the overall market was 15%, its risk adjusted rate of return, RAROR, is
A) +19.5%. B) - 3.0%. C) +23.0%. D) + 2.0%.
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