Which represents lawful brokerage firm practice?
Correct Answer
A) Keeping $250 of firm money in client trust account
California Business and Professions Code Section 10145 and DRE regulations permit a broker to keep a small amount of personal funds in a trust account to cover bank fees and maintain the account — this is the one lawful exception to the commingling prohibition. Keeping $250 of firm money in the trust account for this specific purpose is explicitly recognized as acceptable practice under California DRE guidelines. All other options in this question describe illegal or unethical practices that violate California law or federal fair housing statutes.
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