Property Management Licensing Practice Exam · Question
Property manager handling tenant deposits must:
RESA trust rules. The correct answer is "Deposit in trust within next banking day". This reflects the accepted standard for the property-management assessment a
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Question: Property manager handling tenant deposits must:
Answer options: ✅ Deposit in trust within next banking day
- Cash withdrawal
- Lend to owner
- Use personal account
Correct answer: Deposit in trust within next banking day
Explanation: RESA trust rules. The correct answer is "Deposit in trust within next banking day". This reflects the accepted standard for the property-management assessment and aligns with the official handbook for this competency.
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