Property Management
A Colorado property manager collects rent on behalf of an owner. This money must be:
ADeposited directly into the manager's personal account for convenience
BHeld in a separate trust account and not commingled with the manager's funds✓ Correct
CForwarded to the owner within the same day of collection
DHeld in an interest-bearing account with interest paid to the manager
Explanation
Colorado license law requires brokers (including property managers) to maintain separate trust accounts for client funds. Commingling client funds with personal or business operating funds is a serious violation.
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