Under what circumstance can a property manager NOT receive and disburse funds?

A property manager must be licensed to receive and disburse funds legally. Licensing ensures that the property manager has completed the necessary training and understands the legalities and responsibilities associated with managing funds on behalf of others. If a property manager is not licensed, they do not have the legal authority to handle or distribute any funds related to property management, making it improper and potentially unlawful for them to engage in these activities.

While delegating authority is a common practice in property management, it still requires that the involved parties are licensed professionals. Being on vacation does not affect a property manager's ability to receive and disburse funds, as procedures are often in place to manage operations during such absences. The option stating there are no restrictions is incorrect, as there are specific legal requirements that must be met to ensure proper financial conduct in property management.