Property Management
In Indiana, a property manager who collects rent on behalf of an owner and fails to remit the funds is guilty of:
ABreach of the rental agreement only
BConversion (misappropriation) of funds and violation of Indiana license law✓ Correct
CA civil infraction only
DOnly a violation if the amount exceeds $1,000
Explanation
A property manager who collects funds belonging to an owner and fails to remit them commits conversion (civil theft) and violates Indiana license law's trust account and fiduciary requirements, potentially resulting in license revocation and criminal charges.
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