Property Management
A property manager must account to the owner for all trust funds received. This means:
AProviding the owner with a summary once a year
BProviding regular, detailed statements of income, expenses, and trust account balances✓ Correct
COnly accounting when requested by the owner
DKeeping accounting records for the manager's use only
Explanation
The property manager's duty of accounting requires regular, detailed reports to the owner showing all income received, expenses paid, and trust account balances. This is a key fiduciary obligation.
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