Property Management
A Kentucky property manager who collects rents must disburse funds to the owner:
AImmediately upon receipt
BAccording to the terms of the management agreement✓ Correct
COnly at the end of the calendar year
DOnly after KREC approval
Explanation
The property manager must disburse collected rents to the owner according to the terms set forth in the management agreement, which typically specifies timing and accounting procedures.
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