Property Management
A Texas property manager manages multiple properties for different owners. They must maintain:
AOne pooled trust account for all clients' funds
BEither separate trust accounts for each client or one clearly segregated trust account with detailed accounting for each client's funds✓ Correct
CFunds in each owner's personal bank account
DNo trust accounts if each owner has their own bank account
Explanation
TREC rules allow brokers to maintain either separate trust accounts for each client or one pooled trust account with detailed sub-accounting for each client. The key requirement is that all client funds are clearly segregated from the broker's operating funds, accurately tracked per client, and available for proper disbursement.
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