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A colorado real estate broker who does not maintain escrow accounts, but places funds of others solely with title insurance companies: is violating the license law. has direct control over access to the funds. is relieved of responsibility for the money. must have closing instructions signed by the buyer and seller and title company before turning over the earnest money.

Sagot :

A colorado real estate broker is violating the license law.

What is broker ?

A broker is an independent entity whose services are often used in certain businesses. A broker's primary role is to connect sellers and buyers, and so a broker serves as a third-party intermediary between a buyer and a seller. A real estate or stock broker who assists the selling of a property is an example.

Brokers can provide market research and statistics. Brokers can represent either the buyer or the seller, but not both at the same time. Brokers are expected to have the tools and resources necessary to reach the greatest number of buyers and sellers. They then screen these prospective buyers or sellers to find the best fit.

To know more about broker  follow the link:

https://brainly.com/question/15727869

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