Property Management
A property manager who manages multiple properties for multiple owners must maintain:
AA single trust account for all owner funds combined
BSeparate trust accounting records for each owner, even if using one pooled trust account✓ Correct
CSeparate bank accounts for each individual property
DOnly the owner's own accounting records without broker involvement
Explanation
While a property manager may use one pooled trust account for multiple owners, they must maintain separate, accurate accounting records for each owner's funds. This ensures each owner's funds can be accounted for separately and prevents one owner's funds from being used for another owner's needs.
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