Is it normal to pay rent directly into an agents personal bank account when youre renting through a property management company?

Asked by Brogan4242, Corona, CA Wed Oct 17, 2012

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Rita Rodrigu…, Agent, Huntington Beach, CA
Mon Oct 22, 2012
If the broker does not have a trust account, typically the he or she will deliver the full rent check to the owner, who then would have to write a check each month to the broker for the amount of the commission.

This is one of the reasons of why most property managers have a trust account. If there is no trust account, the rent would have to be given to the owner who will then, after receiving the rent, pay the broker what is due. This could lead to delays in the broker’s receipt of his or her commission or having battles with the client to ensure payment.

I do not recommend any agent to place any funds into their personal account. Good luck. Rita
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Cindy Davis, Agent, San Diego, CA
Wed Oct 17, 2012
The funds should be going into a trust account. If however, the agent is the owner of the rental property, then paying to his or her personal account would be acceptable.
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