Property Management
Under NC law, a broker property manager who holds a tenant's security deposit in a trust account must:
AEarn interest on the deposit and keep it
BPlace it in a non-interest-bearing trust account or account paying interest to the tenant✓ Correct
CInvest it in approved securities for the broker's benefit
DKeep it separate but may co-mingle with other trust funds
Explanation
NC law requires tenant security deposits to be held in a trust account. Any interest earned belongs to the tenant (or owner as specified), not the broker.
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