Property Management
In New Mexico, a property manager who manages multiple properties for different owners must keep funds for each owner:
AIn one combined trust account for all clients
BClearly identified and separately accounted for within the trust account, or in separate trust accounts for each owner✓ Correct
CIn the manager's personal checking account
DIn a savings account outside the brokerage
Explanation
NMREC trust account rules require that each client's funds be separately identifiable within the trust account (or in separate accounts) — preventing commingling between different clients' funds. Monthly reconciliations must account for each owner's balance.
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