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

[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?

AThe property owner

BThe tenants

CThe property owner and the tenants

DThe public

Show Suggested 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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Jamal

2 months ago

I feel like D) The public is too broad. It's really about the owner.

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Bernardine

2 months ago

But what about the tenants? C) The property owner and the tenants could be valid too.

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Dannie

3 months ago

I agree, A makes the most sense. Their interests come first.

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Jacquline

3 months ago

I think it's A) The property owner. They hire the manager.

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Dalene

3 months ago

Totally agree with Lawana! Property owners come first.

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Daren

3 months ago

Definitely A) The property owner. It's all about their interests.

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Svetlana

3 months ago

Wait, are you sure it's not D) The public? That seems important too.

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Darrel

3 months ago

I think it should be C) The property owner and the tenants. Both matter!

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Lawana

4 months ago

A) The property owner. That's the main duty!

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Lynna

4 months ago

The property owner, no doubt. Tenants' interests are secondary in this case.

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Paris

4 months ago

Haha, the public? Really? As if the property manager is there to serve the whole community. Good one!

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Maurine

5 months ago

Definitely the property owner. Tenants are just renting, the owner's interests come first.

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Sage

5 months ago

I'd say the property owner and the tenants. Gotta keep both parties happy, right?

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Johna

5 months ago

The property owner, of course. That's the whole point of a property management agreement.

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Julene

5 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

5 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

5 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

6 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

6 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

6 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

6 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

6 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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