Florida Real Estate Exam Practice 2025 – Complete Study Resource

Question: 1 / 400

How can landlords and property managers avoid commingling funds?

Ask another real estate professional to hold onto the funds.

Deposit all funds received into a business account.

Deposit all funds received into their own, separate accounts.

Landlords and property managers can avoid commingling funds by depositing all funds received into their own, separate accounts. This option ensures that personal and business funds are kept separate, preventing any potential issues with mixing or misuse of funds. Option A may not always be practical or feasible, and option D does not provide easy access for managing funds. Option B may seem like a good solution, but using a business account does not necessarily prevent mixing of personal and business funds, especially if the landlord or property manager is the sole account holder. Therefore, the best option is C to ensure proper handling of funds.

Get further explanation with Examzify DeepDiveBeta

Hold the funds in a safety deposit box.

Next Question

Report this question

Download Florida Real Estate Practice Exam PDF Study Guide
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy