QuestionAugust 19, 2025

After receipt by the broker, the broker may transfer the tenant security deposit to the owner True, since the money belongs to the owner. by delivering notice to the owner after delivering notice to the tenant via first class mail only as long as financial responsibility remains with the broker in the management agreement

After receipt by the broker, the broker may transfer the tenant security deposit to the owner True, since the money belongs to the owner. by delivering notice to the owner after delivering notice to the tenant via first class mail only as long as financial responsibility remains with the broker in the management agreement
After receipt by the broker, the broker may transfer the tenant security deposit to the owner True, since the money belongs to the owner. by delivering notice to the owner after delivering notice to the tenant via first class mail only as long as financial responsibility remains with the broker in the management agreement

Solution
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Answer

only as long as financial responsibility remains with the broker in the management agreement Explanation 1. Identify the correct statement The question asks under what conditions a broker may transfer a tenant security deposit to the owner. We need to evaluate each option to determine which one accurately describes the condition under which this transfer is permissible. 2. Evaluate each option - Option 1: "True, since the money belongs to the owner." This is not necessarily true as there are often legal requirements and conditions that must be met before transferring such deposits. - Option 2: "by delivering notice to the owner." This does not specify any requirement for notifying the tenant or ensuring financial responsibility, which might be necessary. - Option 3: "after delivering notice to the tenant via first class mail." This implies a notification process to the tenant, which could be a legal requirement. - Option 4: "only as long as financial responsibility remains with the broker in the management agreement." This suggests a condition related to financial responsibility, which is likely a key factor in such transactions. 3. Determine the most accurate condition Considering typical legal and contractual obligations, the most comprehensive and responsible condition would involve maintaining financial responsibility, as mentioned in Option 4. This ensures that the broker remains accountable for the funds even after transfer.

Explanation

1. Identify the correct statement<br /> The question asks under what conditions a broker may transfer a tenant security deposit to the owner. We need to evaluate each option to determine which one accurately describes the condition under which this transfer is permissible.<br /><br />2. Evaluate each option<br /> - Option 1: "True, since the money belongs to the owner." This is not necessarily true as there are often legal requirements and conditions that must be met before transferring such deposits.<br /> - Option 2: "by delivering notice to the owner." This does not specify any requirement for notifying the tenant or ensuring financial responsibility, which might be necessary.<br /> - Option 3: "after delivering notice to the tenant via first class mail." This implies a notification process to the tenant, which could be a legal requirement.<br /> - Option 4: "only as long as financial responsibility remains with the broker in the management agreement." This suggests a condition related to financial responsibility, which is likely a key factor in such transactions.<br /><br />3. Determine the most accurate condition<br /> Considering typical legal and contractual obligations, the most comprehensive and responsible condition would involve maintaining financial responsibility, as mentioned in Option 4. This ensures that the broker remains accountable for the funds even after transfer.
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