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If a broker holds deposits or funds from buyers, sellers, or landlords, which statement is true? A . If reported to the DBPR properly, the
If a broker holds deposits or funds from buyers, sellers, or landlords, which statement is true?
A If reported to the DBPR properly, the broker may have one business account for deposits, seller's funds, landlord's funds and bu
B A broker must have a separate account for escrow funds and, at least, one other account for other types of funds.
C Commingling is an account strategy to save the broker time, streamline bookkeeping and is highly encouraged.
D A broker must have separate accounts for each transaction.
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