Property Management
A Nevada property manager collects security deposits. Where must these funds be held?
AIn the property manager's personal account
BIn a separate trust account✓ Correct
CIn the brokerage's operating account
DInvested in a money market fund at the manager's discretion
Explanation
Nevada law requires that security deposits and tenant funds be held in a separate trust account, apart from the property manager's personal or business operating funds, to protect tenant interests.
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