Property Management
A property management company that collects rent for 200 rental units across multiple owners must maintain:
AOne commingled account for all owners
BSeparate trust accounts for each owner or a properly reconciled pooled trust account✓ Correct
CThe funds in the company's general operating account
DThe funds in a special GREC account
Explanation
Funds for different property owners must either be maintained in separate trust accounts or, if pooled, kept in a properly maintained pooled trust account with detailed ledgers showing each owner's balance separately.
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