Real Estate Trust Accounts: The authority and responsibility for the proper handling of real estate trust account funds rests entirely with the employing broker. The employing broker may delegate the authority to handle trust funds, maintain real estate trust account records, and sign trust account checks. The employing broker is responsible for whatever may happen regarding the handling of the trust funds, the real estate trust account, and the related records. The rules regarding general requirements, interest, holding periods, etc. vary by State.
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