Arizona License Law
Under Arizona law, a real estate broker who holds trust funds belonging to clients must maintain a separate trust account. Which of the following is PROHIBITED in a trust account?
ADepositing earnest money from multiple transactions
BKeeping a minimum operating balance of the broker's own funds
CMaintaining a broker's own funds exceeding $500 in the trust account✓ Correct
DDepositing rent proceeds from managed properties
Explanation
A broker may keep a small personal balance (not to exceed $500) in the trust account solely to cover bank fees, but maintaining more than $500 of the broker's own funds in the trust account constitutes commingling.
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