Property Management Licensing Practice Exam · Question
Trust accounts for tenant funds must be:
RESA Rules. The correct answer is "Separate pooled or designated trust account". This reflects the accepted standard for the property-management assessment and
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Question: Trust accounts for tenant funds must be:
Answer options: ✅ Separate pooled or designated trust account
- Owner's personal
- Mixed with general
- Cash box
Correct answer: Separate pooled or designated trust account
Explanation: RESA Rules. The correct answer is "Separate pooled or designated trust account". This reflects the accepted standard for the property-management assessment and aligns with the official handbook for this competency.
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