A broker wishes to operate an independent property management firm outside of the broker company with which he is associated. Which of the following statements concerning this situation is correct?
A. The broker may do this with the formal approval of the original managing broker
B. The broker may do this if the management fees are paid to the broker’s managing broker
C. The activity is not permitted because a broker must be affiliated with only one broker company
D. The activity can be conducted only if a separate escrow account for tenant deposit is established
