Property Management
A property manager who collects rent, pays bills, and deposits funds for an owner must maintain:
AA personal checking account for owner funds
BA separate trust or escrow account for client funds✓ Correct
CA joint account with the property owner
DFunds commingled with the broker's operating account
Explanation
Property managers must maintain a separate trust or escrow account for all client funds. Commingling client funds with the manager's personal or operating funds is a serious violation.
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