Georgia License Law
Under Georgia law, a licensee acting as a property manager must keep which of the following separate?
AA. Management fees and security deposits
BB. Operating funds and tenant security deposits/rents in trust✓ Correct
CC. Listing files and purchase files
DD. Commercial and residential property records
Explanation
Brokers must keep operating funds (their own money) completely separate from trust funds (client money such as security deposits and rents). Commingling these funds is a violation of Georgia license law.
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