A Kentucky licensee encounters property management money is received. What should the licensee remember?
Correct Answer
B) Money received is deposited into the principal broker’s escrow or management account within three business days of receipt
201 KAR 11:121 Section 10 requires deposit within three business days of receipt. Source basis: 201 KAR 11:121 Section 10 and KRS 324.111, Kentucky Legislative Research Commission official sources: property management agreements, ledgers, deposit timing, escrow/management accounts, and property-management account records; checked 2026-04-30.
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