Missouri License Law
Under Missouri law, a broker must maintain a trust account that is:
ACommingled with the broker's operating account for efficiency
BSeparate from all personal and business funds✓ Correct
CHeld by the title company for all transactions
DMaintained only for commercial transactions
Explanation
Missouri law requires brokers to maintain trust accounts that are completely separate from personal and business operating funds. Commingling is a serious violation that can result in license revocation.
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State-Specific Concepts
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