Property Management
A Vermont property manager who collects rent on behalf of property owners must:
AHold all rents in a personal account until the end of the month
BDeposit all rents into a separate trust account segregated from personal funds✓ Correct
CForward all rents directly to the property owners within 24 hours
DReport all rental income to the Vermont Real Estate Commission
Explanation
Vermont real estate brokers and property managers acting for others must maintain separate trust accounts for client funds, including rents collected. Commingling client funds with personal or operating funds is a violation of Vermont license law.
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