Answered

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Which of the following must be followed when placing client trust funds into an interest-bearing trust fund account?

A. All the funds in the account must be covered by depository insurance provided by the DRE.
B. Any interest earned on the funds in the account cannot be paid to the broker or a broker's licensee.
C. The funds in the interest-bearing account must be kept together with funds belonging to the broker.
D. The account is in the name of the escrow company as trustee for a specified beneficiary.

Sagot :

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