Property Management
A property manager in Georgia accepts a security deposit of $2,000. The manager must:
AA. Deposit the funds in the manager's operating account
BB. Hold the funds in a separate trust or escrow account✓ Correct
CC. Immediately turn the funds over to the property owner
DD. Purchase a bond equal to the deposit amount
Explanation
Security deposits must be held in a separate trust or escrow account and not commingled with operating funds. This protects the tenant and is required by Georgia law and real estate license law.
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