What must a property manager disclose to the client during their dealings?

A property manager must disclose all liabilities and costs incurred by the client during their dealings. This requirement is pivotal in maintaining transparency and fostering trust between the property manager and the client. By providing a clear picture of all financial obligations, including expenses associated with the management of the property, the manager enables the client to make informed decisions regarding their investment.

This transparency helps clients understand the full scope of their financial commitment and can prevent any hidden surprises that could arise later in the management process. By knowing the liabilities, clients can better assess the profitability of their investment and plan accordingly. This practice is essential for ethical management and aligns with legal requirements concerning fiduciary duty, which mandates that property managers act in the best interests of their clients.

In contrast, the other options do not fulfill the same critical informational role. While potential profits, financial aid, and personal recommendations might be beneficial, they do not represent the fundamental financial responsibilities and obligations that a property manager should disclose to clients. Understanding the incurred liabilities and costs is vital for clients to evaluate their position comprehensively.