Under TREC rules, a broker's trust account must meet several requirements. All of the following are requirements for a trust account EXCEPT:
Correct Answer
B) The account must earn a minimum interest rate of 2% annually to benefit the clients
There is no TREC requirement that trust accounts earn a minimum interest rate. While some trust accounts may be interest-bearing, TREC does not mandate a specific interest rate. The focus is on safety, separation, and accurate record-keeping.
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