Property Management
Under Wyoming law, a property manager who collects rent on behalf of an owner must:
ADeposit rent into the manager's personal account for convenience
BMaintain a separate trust account for client funds✓ Correct
CHold rent until the end of the lease term
DSend rent directly to the owner's mortgage company
Explanation
Wyoming property managers who hold client funds (including rents and security deposits) must maintain separate trust accounts and cannot commingle these funds with their own operating funds. This is required under Wyoming real estate law.
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