Oklahoma License Law
Under OREC rules, a property management company must hold which type of account for client security deposits?
AAn interest-bearing savings account in the owner's name
BA separate trust or escrow account designated for client funds✓ Correct
CA general business operating account with adequate reserves
DA petty cash fund maintained on-site
Explanation
Security deposits and other client funds held by Oklahoma property management companies must be kept in a designated trust or escrow account separate from the company's operating funds, to protect client money.
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