Final answer:
Tenant security deposits must be placed into a separate account that is designated exclusively for security deposits, ensuring they are not commingled with personal funds or used improperly.
Step-by-step explanation:
The question pertains to the handling of tenant security deposits. According to most state laws, after a landlord or property manager receives a security deposit from a tenant, it must be deposited into a separate account that is used exclusively for security deposits. This ensures that the funds are kept safe and are not commingled with personal funds or used for other operating expenses. In some states, there might also be requirements to hold these funds in an interest-bearing account and to provide the tenant with the interest earned. Placing the deposit in the broker's operating account or in the owner's personal account is typically against the law and could lead to legal penalties.