A Hawaii broker asks a salesperson about a property manager receives rental income or a security deposit for another person. Which answer follows Hawaii law?
Correct Answer
D) Trust funds must be placed into the required escrow or trust account by the next business day after receipt
HAR 16-99-4 requires brokerage firms to deposit or place trust funds in a neutral escrow depository or federally insured trust account by the next business day. Source basis: Hawaii DCCA PSI state outline hi.III Property Management plus official HRS chapter 521 and HAR title 16 chapter 99 trust-property rules; checked 2026-04-30.
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