An Ohio broker wants to operate a property management company alongside her real estate brokerage. Under Ohio Division rules, the trust account for property management funds should:
Correct Answer
A) Be maintained separately from the real estate sales trust account, with proper records for each
While Ohio does not always mandate separate trust accounts, best practice and Division guidance recommend maintaining separate trust accounts for property management funds and real estate sales escrow to prevent commingling and ensure accurate record-keeping. Each account must have proper documentation and reconciliation.
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