Property Management
In New Mexico, a qualifying broker who operates a property management company must maintain a separate trust account for:
ATheir own personal savings
BClient funds (security deposits and rent) separate from the company's operating funds✓ Correct
CMarketing expenses
DMaintenance reserves only
Explanation
Separate trust accounts for client funds are mandatory under NMREC rules. Commingling client funds with operating funds is a serious violation that can result in license suspension or revocation.
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