Property Management
In Washington, a property manager's trust account must be:
AA personal interest-bearing account
BA separate bank account for client funds, not commingled with operating funds✓ Correct
CMaintained by the designated broker in the manager's name
DFiled with the DOL monthly
Explanation
Washington law requires property managers to maintain client funds (security deposits, rents) in a separate trust account that is not commingled with the manager's own funds. Commingling is a serious violation.
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