Property Management
A West Virginia property management company that manages multiple properties for different owners must maintain:
AA single trust account for all client funds combined
BSeparate accounting for each client's funds, though they may be held in a single trust account with proper sub-accounting✓ Correct
CA separate bank account for each individual property
DOnly a general operating account with no special trust requirements
Explanation
Property managers may hold multiple clients' funds in a single trust account, but must maintain separate accounting records for each client showing deposits, withdrawals, and balances. Commingling clients' funds with each other or with operating funds is prohibited.
Related West Virginia Property Management Questions
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