Arizona License Law
A real estate licensee in Arizona who provides property management services and holds tenant security deposits must maintain those deposits in:
AThe broker's operating account for convenience
BA separate trust or escrow account, not commingled with operating funds✓ Correct
CA personal savings account
DAn account the landlord controls directly
Explanation
Security deposits held by a property manager must be kept in a separate trust account, never commingled with the broker's operating funds or the property manager's personal funds. Commingling is a serious violation.
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