Nevada License Law
Under Nevada law, a licensee's trust account must be:
AMaintained at the Nevada Real Estate Division
BA separate bank account used exclusively for client funds✓ Correct
CCombined with the brokerage's operating account for efficiency
DInsured by the NRED for up to $50,000
Explanation
Nevada requires licensees to maintain a separate trust account solely for client funds (earnest money, security deposits, etc.), keeping them completely separate from personal or business operating funds.
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