Ace the Arkansas Real Estate Test 2026 – Unlock Your Property Pro Potential!

A property management owner's ledger is a financial document that tracks all monetary transactions related to a property management agreement. This includes both income from property management fees and any expenses incurred on behalf of the property, such as repairs and maintenance. Option A is incorrect because it only includes expenses and not income. Option B is incorrect because it only includes personal information and not financial transactions. Option D is incorrect because it only includes income from fees and not expenses. The correct answer, C, includes all monies received and disbursed for each property management agreement, providing a comprehensive overview of the finances for the property.