17 CAR § 220-1019 – Property management accounting and recordkeeping

(a)
1. (1) A property manager must retain records of all deposits in a manner in which they are traceable to the owners’ and tenants’ ledgers.
2. (2) A property manager must retain records identifying the amount of and purpose of each disbursement entered into the owners’ and tenants’ ledgers.
(b) The property manager shall disclose to the owner, in writing, the property manager's use of any employees or a business in which the property manager or any persons licensed under him or her has a pecuniary interest to provide billable services to the owner’s property.