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Does a broker always have to place non-client funds from property management and leasing activities in a trust account?

April 26, 2017account activities broker funds leasing Management non-client Property Trust

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Does a broker always have to place non-client funds from property management and leasing activities in a trust account?

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A. No. A broker may directly deposit into an owner’s account rental application deposits, rents and security deposits made payable to the owner. The broker may be designated as a signatory on the owner’s account and make disbursements from that account when authorized by the owner in writing.