Property Management
A Maryland property manager who receives funds on behalf of an owner must:
AHold them for 60 days before forwarding
BMaintain accurate records and disburse funds as authorized by the owner or lease terms✓ Correct
CInvest them in a money market account for maximum return
DForward all funds to MREC for distribution
Explanation
Property managers must maintain accurate accounting records and disburse funds according to the management agreement and applicable law, always acting in the owner's best interest.
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