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Real Estate Licensing NCREC-Broker-N Exam - Topic 2 Question 9 Discussion

Actual exam question for Real Estate Licensing's NCREC-Broker-N exam
Question #: 9
Topic #: 2
[All NCREC-Broker-N Questions]

[Broker's Authority and Duties]

Under the provisions of a property management agreement, a property manager has a legal obligation to promote and protect whose interests?

Show Suggested Answer Hide Answer
Suggested Answer: A

Under North Carolina law, a property manager acts as a general agent for the property owner and owes fiduciary duties---including loyalty, obedience, accounting, and full disclosure---to the owner. While managers must comply with fair housing and other tenant-related laws, their primary duty is to the owner of the property.


NCREC Property Management Guidelines

North Carolina License Law and Rule Comments -- Section on Agency Duties

by Simona at Jan 05, 2026, 05:16 AM

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Daren
1 day ago
Definitely A) The property owner. It's all about their interests.
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Svetlana
6 days ago
Wait, are you sure it's not D) The public? That seems important too.
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Darrel
11 days ago
I think it should be C) The property owner and the tenants. Both matter!
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Lawana
17 days ago
A) The property owner. That's the main duty!
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Lynna
22 days ago
The property owner, no doubt. Tenants' interests are secondary in this case.
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Paris
27 days ago
Haha, the public? Really? As if the property manager is there to serve the whole community. Good one!
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Maurine
2 months ago
Definitely the property owner. Tenants are just renting, the owner's interests come first.
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Sage
2 months ago
I'd say the property owner and the tenants. Gotta keep both parties happy, right?
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Johna
2 months ago
The property owner, of course. That's the whole point of a property management agreement.
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Julene
2 months ago
I’m pretty sure it’s A, but I vaguely recall something about responsibilities to the public as well.
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Mariann
2 months ago
I feel like it could be C since a good property manager should balance the needs of both the owner and the tenants, but I’m not confident.
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Hubert
2 months ago
I remember practicing a question like this where it emphasized the property owner's interests, so I’m leaning towards A.
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Diane
3 months ago
I think the property manager's primary duty is to the property owner, but I’m not entirely sure if they have to consider tenants too.
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Audria
3 months ago
I've got a good strategy for this. I'll eliminate the options that don't make sense, then choose between the remaining ones. I think A is the safest bet.
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Honey
3 months ago
Wait, I thought the property manager had to look out for both the owner and the tenants. I'm a little confused on the specifics here.
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Elenore
3 months ago
Okay, I remember learning about this in class. The property manager has a fiduciary duty to the property owner, so the correct answer has to be A.
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Felicitas
3 months ago
Hmm, I'm not totally sure about this. The property manager has to balance the interests of the owner and the tenants, right? I'll have to think this through carefully.
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Luisa
3 months ago
This one seems straightforward. The property manager's duty is to the property owner, so I'll go with A.
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