Property Management
A Montana property manager who collects rents must maintain a trust account that:
ACan be combined with the manager's personal funds for convenience
BHolds client funds separately from operating funds and is subject to audit✓ Correct
COnly needs to be maintained if managing more than 10 units
DIs optional if the property manager has E&O insurance
Explanation
Montana law requires property managers holding client funds (rents, deposits) to maintain separate trust accounts that cannot be commingled with personal or operating funds. These accounts are subject to examination by the Montana Board of Realty Regulation.
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