Property Management
A Texas property manager who is also a licensed broker and manages funds for multiple owners must maintain:
AOne general operating account for all properties
BSeparate trust accounts clearly identified for each owner's funds✓ Correct
CA single trust account as long as it is separately tracked in the ledger
DNo special accounts since the properties are managed under one agreement
Explanation
TREC rules require that a broker maintaining trust funds for multiple owners keep the funds properly segregated and maintain detailed records showing the amounts belonging to each owner. Commingling of different clients' funds can violate trust account rules.
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