Property Management
A Wisconsin property manager who receives a security deposit check must deposit it into:
AThe manager's personal savings account
BA separate, segregated trust account within 2 business days✓ Correct
CThe property's operating account
DAn interest-bearing account that the manager keeps interest from
Explanation
Security deposits are client funds and must be deposited into a separate trust account promptly; they cannot be commingled with operating funds or the manager's personal account.
Related Wisconsin Property Management Questions
- The Wisconsin Uniform Residential Landlord and Tenant Act requires that residential rental units meet:
- A Wisconsin tenant who requests to be released early from their lease due to domestic abuse must provide the landlord with:
- A Wisconsin commercial tenant who continues to occupy space under a month-to-month tenancy after a fixed lease expires and the landlord accepts rent is a:
- Wisconsin's Wis. Stat. § 704.90 governs:
- Wisconsin's DATCP rules require landlords to provide tenants with a copy of any rental agreement or lease within how many days of signing?
- Under Wisconsin law, a residential landlord who wrongfully evicts a tenant (self-help eviction) by changing locks or removing belongings is:
- A Wisconsin commercial property manager leases office space under a gross lease. Under this arrangement, the tenant pays:
- Under Wisconsin law, a landlord must provide written notice of rent increase to a month-to-month tenant at least:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →