Property Management
An Oregon residential property manager collects rent from tenants. These funds must be:
ADeposited in the property manager's personal checking account for convenience
BHeld in a designated trust account separate from the property manager's personal and business operating funds✓ Correct
CSubmitted directly to the Oregon Real Estate Agency monthly
DInvested in a money market account in the property owner's name only
Explanation
Oregon law requires real estate licensees managing property to hold client funds (including rents) in a designated trust account that is separate from personal and business operating funds. Commingling trust funds with personal funds is a serious violation that can result in license suspension or revocation. Trust account records must be maintained and are subject to OREA audit.
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