Property Management
A Massachusetts property manager who is handling rental properties for multiple owners must maintain:
AA single pooled account for all client funds
BSeparate trust accounts or clearly segregated records for each owner's funds✓ Correct
COnly petty cash on hand for property expenses
DFunds in the manager's personal account for convenience
Explanation
Massachusetts law requires that client funds be properly segregated. Commingling client funds with the manager's own money or pooling without proper accounting is prohibited.
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