Final answer:
The true statement about property management of non-residential real estate is that property managers must disclose their personal interests in the property to avoid conflicts of interest and ensure transparency.
Step-by-step explanation:
The answer to the question about which statement concerning a real estate property manager managing non-residential real property is true is that c) Property managers must disclose their personal interests in the property. This disclosure is important to avoid any conflicts of interest and assure transparency in their management duties.
While not all property managers need a separate real estate license, depending on local laws, they are indeed responsible for maintenance and usually are required to maintain trust accounts for handling rents and other funds associated with the property.
In the broader context of business and property ownership, business owners must navigate zoning regulations and government restrictions that dictate the use of property.
Zoning involves dividing a municipality into residential, commercial, and industrial districts with uniform land use within each. Thorough land-use regulation compliance is essential for the legal operation of businesses and maintaining the property value.