Kansas License Law
What is a 'trust account' requirement for Kansas brokers?
ABrokers must invest client funds in interest-bearing trust accounts
BBrokers must maintain a separate trust account for client funds (earnest money, security deposits) and not commingle with operating funds✓ Correct
CTrust accounts are optional for brokers with fewer than 10 transactions per year
DBrokers may hold client funds in personal accounts if under $5,000
Explanation
Kansas law requires brokers to maintain a separate trust (escrow) account for all client funds. Commingling client funds with the broker's personal or business funds is a serious violation and grounds for license revocation.
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