Property Management
Which of the following BEST describes the role of an Ohio property manager in collecting rents?
AThe manager collects rents and may keep them in their personal bank account
BThe manager collects rents as an agent of the owner and must maintain proper trust accounting✓ Correct
CThe manager is not responsible for rent collection under Ohio law
DThe manager may only collect rents if they own the property
Explanation
A property manager collects rents on behalf of the owner (as agent) and must maintain proper trust accounting, keeping the owner's funds separate from their own.
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