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Ihuman Case Study
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Texas Real Estate Practice Exam Latest Update And Verified
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Question Number 66
For the proper handling of client and owner monies, a property manager is generally required to
Maintain a special trust account and a qualified financial depository.
Deposit all funds every month in the management firm's central operating account.
Employ a notary to witness and record every deposit or payment received.
Disperse all funds to their legal owners on a weekly basis.
✔ Correct Answer:
Maintain a special trust account and a qualified financial depository.
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