Property Management
A West Virginia property manager who fails to maintain adequate records of all trust account transactions may face:
AOnly a civil fine from the tenant
BWVREC disciplinary action for recordkeeping violations✓ Correct
CA tax penalty from the IRS
DNo consequences as long as the funds are present
Explanation
WVREC rules require property managers and brokers to maintain detailed records of all trust account transactions. Failure to maintain proper records is a disciplinary violation that can result in license suspension or revocation.
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