Colorado License Law
A Colorado broker's Commission-required trust account may NOT hold which of the following?
AEarnest money deposits from real estate transactions
BSecurity deposits for property management clients
CThe broker's personal savings or business operating funds✓ Correct
DDown payment funds awaiting closing
Explanation
Trust accounts are strictly for client funds. A Colorado broker's trust account may NOT contain the broker's personal savings, business operating funds, or any funds not belonging to clients.
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