Property Management
A South Dakota property manager who collects rent but fails to remit it to the property owner has committed:
ANegligence
BConversion (misappropriation of funds)✓ Correct
CBreach of a minor contract term
DA RESPA violation
Explanation
Failing to remit collected funds to the owner constitutes conversion (civil) or embezzlement (criminal), as the manager wrongfully exercises control over funds belonging to the owner.
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