Under TREC rules, a broker operates multiple branch offices. Under TREC rules, must the broker maintain a separate trust account for each branch office?
Correct Answer
B) No, the broker may use one trust account for all offices, as long as proper records are maintained to identify funds by transaction and office
Under TREC rules, a broker is not required to maintain separate trust accounts for each branch office. One trust account may be used for all offices as long as the broker maintains accurate records identifying funds by transaction and office.
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