Property Management
A Michigan property manager collects rents and must deposit them into:
AThe manager's personal bank account for convenience
BA separate trust or escrow account designated for client funds✓ Correct
CThe owner's personal checking account
DA business operating account
Explanation
Michigan law requires property managers to maintain collected rents and client funds in a separate trust or escrow account, segregated from the manager's own funds. Commingling is a violation subject to license revocation.
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