Property Management
A Massachusetts property manager collects rents on behalf of an owner. These funds must be held in:
AThe property manager's personal account
BA separate escrow or trust account✓ Correct
CThe owner's personal bank account
DA money market account under the manager's name
Explanation
Property managers in Massachusetts must hold client funds (rents, security deposits) in separate escrow or trust accounts, keeping them separate from the manager's personal or operating funds.
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