A property manager collects rent on behalf of an owner. Under California law, within how many days after the close of the month must the manager provide the owner with an itemized accounting of funds received and disbursed?

Explanation

California Business and Professions Code Section 10148 and standard property management practice require that brokers render itemized statements of account to principals within 25 days after the close of each calendar month. This ensures transparency and proper accounting of trust funds.