DRE & Licensing
Under California law, the maximum amount a broker may keep of their own funds in a trust account (to cover bank service charges) is:
A$100
B$200✓ Correct
C$500
D$1,000
Explanation
A broker may keep up to $200 of their own funds in a trust account to cover bank fees and maintain the account. Keeping more than that constitutes commingling and is a violation of the Real Estate Law.
Related California DRE & Licensing Questions
- Under California law, a real estate broker may be held liable for the acts of their salespersons under the doctrine of:
- In California, the Real Estate Recovery Account is funded by:
- Under California law, when must a real estate licensee disclose their license status to the other party in a transaction?
- What are the minimum educational requirements to apply for a California real estate salesperson license?
- What is the purpose of the California Mortgage Loan Originator (MLO) license endorsement?
- What is the California Real Estate Law found in?
- A person receives compensation for negotiating a real estate transaction without a license in California. This is:
- The Real Estate Commissioner in California is:
Practice More California Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free California Quiz →