Delaware License Law
What is the Delaware requirement for maintaining a 'trust account' or 'escrow account'?
AOnly required for brokers managing 10 or more properties
BAll brokers who handle client funds must maintain a separate trust account, keeping client funds completely separate from the broker's personal and business funds✓ Correct
CRequired only for commercial transactions over $1 million
DOnly required when the earnest money exceeds $10,000
Explanation
Delaware requires all brokers who handle client funds to maintain a separate, properly designated trust (escrow) account, completely segregated from personal and operating funds. Commingling is a serious license law violation.
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