Arkansas Real Estate Practice Exam

What additional requirement exists for property managers managing multiple properties?

1. Identification of the applicable property for each deposit or disbursement

2. A separate ledger for each property

3. Consolidation of funds across properties

4. Separate banking accounts for each property

The correct answer is: Identification of the applicable property for each deposit or disbursement

Property managers often have to handle multiple properties, and it is important that they manage each one correctly. In this scenario, the additional requirement for property managers is the identification of the applicable property for each deposit or disbursement. This means that they must accurately categorize and track financial transactions for each property separately, to ensure transparency and proper management. Options B, C, and D do not fully address the need for individual property identification and could lead to confusion and improper handling of funds. While keeping separate ledgers and bank accounts for each property may be helpful in managing finances, it is not the main requirement for managing multiple properties. Therefore, option A is the most accurate and appropriate answer.