Which of the following is considered a fiduciary duty owed by a property manager to the owner?

A fiduciary duty refers to the obligation to act in the best interest of another party, which is a core principle in property management. In the context of a property manager's responsibilities to the owner, loyalty is paramount. This duty requires the property manager to prioritize the owner's interests over their own and to avoid any conflicts of interest.

Loyalty encompasses not only the obligation to act in the owner's benefit but also to advocate for their needs in various situations, ensuring that the decisions made reflect the best potential outcomes for the property owner. This duty fosters trust and a strong professional relationship between the property manager and the owner, which is essential for successful property management.

Confidentiality and disclosure are also important fiduciary duties; however, they fall under the broader umbrella of loyalty. The property manager must keep information about the owner's affairs confidential while also disclosing pertinent information that may affect the property or the management decisions, but these duties are manifestations of the overarching loyalty owed to the owner. Obedience, although also a fiduciary duty, is more about following lawful instructions than about the loyalty and prioritization of the owner's interests.