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Oh Division Of Re Rules Disciplinary ProcessBrokerage_operations_ohHARD

Under Ohio Division rules, a broker's trust account may be titled in all of the following ways EXCEPT:

Correct Answer

C) The broker's personal name only, without any trust designation

A trust account must be clearly identified as a trust or escrow account to distinguish it from the broker's personal accounts. Titling the account with only the broker's personal name without a trust designation fails to identify it as a fiduciary account and could constitute commingling.

Answer Options
A
The broker's legal name followed by 'Real Estate Trust Account'
B
The brokerage's registered trade name followed by 'Trust Account'
C
The broker's personal name only, without any trust designation
D
The brokerage's corporate name followed by 'Escrow Account'

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Key Terms:

trust_accountaccount_titlingtrust_designationreverse_question
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