Property Management Licensing Practice Exam · Question
Trust account reconciliation must be done:
BCFSA rules. The correct answer is "Monthly within 21 days of month-end". This reflects the accepted standard for the property-management assessment and aligns
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Question: Trust account reconciliation must be done:
Answer options: ✅ Monthly within 21 days of month-end
- Yearly
- Quarterly
- Weekly
Correct answer: Monthly within 21 days of month-end
Explanation: BCFSA rules. The correct answer is "Monthly within 21 days of month-end". This reflects the accepted standard for the property-management assessment and aligns with the official handbook for this competency.
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