The relationship between a property manager and the property owner is most comparable to that of a:
A property manager acts as an agent for the property owner.
The manager owes fiduciary duties to the owner, similar to how a salesperson works under and owes duties to their broker.
Other comparisons:
(A) Tenant/landlord = contractual lease, not fiduciary.
(B) Stockholder/board = ownership vs governance, not agency.
(D) Cashier/store owner = employee/employer, not fiduciary agent.
Code of Virginia 54.1-2100 (definitions of brokerage relationships, property management included)
Virginia Real Estate Board Regulations (agency and fiduciary duties)
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