Ohio License Law
What is the Ohio requirement for property management trust accounts?
AAll rents must be deposited in the broker's personal account
BSecurity deposits and rents must be held in separate trust accounts, identified by property or client✓ Correct
COnly security deposits require separate accounts
DTrust accounts are optional for property managers
Explanation
Ohio brokers engaged in property management must maintain separate trust accounts for client funds (security deposits, rents). These must be clearly identified and cannot be commingled with the broker's operating or personal funds.
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