Property Management
Under NC law, a property manager must keep security deposits in:
AThe manager's personal savings account
BA trust account separate from the manager's operating funds✓ Correct
CAn interest-bearing CD in the property owner's name
DA federally-insured money market fund in the manager's name
Explanation
NC law requires security deposits to be deposited in a trust account (or in a federally-insured interest-bearing account) separate from the property manager's operating funds.
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