Property Management
A Florida property manager collects rent on behalf of the owner. Where must these funds be held?
AIn the property manager's personal checking account
BIn a separate trust or escrow account for the benefit of the owner✓ Correct
CIn the brokerage's operating account
DIn a money market account in the manager's name
Explanation
Florida law requires property managers who handle rental funds on behalf of owners to maintain those funds in a separate trust or escrow account, keeping them separate from personal and business operating funds.
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