Under TREC rules, a broker may deposit certain types of funds into the trust account. Which of the following may NOT be deposited into a broker's trust account?
Correct Answer
C) The broker's personal savings designated for a future real estate investment
A broker's personal savings may not be deposited into the trust account. Trust accounts are exclusively for client and third-party funds held in a fiduciary capacity. Depositing personal funds into the trust account would constitute commingling in reverse.
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