Property Management
Security deposits collected from Louisiana tenants must be:
ADeposited into the broker's operating account
BKept in a separate trust account and not commingled with the property manager's funds✓ Correct
CForwarded to the LREC within 10 days
DInvested in interest-bearing accounts for the tenant's benefit
Explanation
Security deposits and other client funds must be held in a separate trust (escrow) account and never commingled with the property manager's or broker's operating funds — this is a fundamental requirement of Louisiana License Law.
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