New Hampshire License Law
A NH broker's trust account must be:
AAn interest-bearing account where interest accrues to the broker
BA non-interest-bearing account or an interest-bearing account where interest is paid to the client or a designated fund✓ Correct
CA money market account managed by the NHREC
DCombined with the broker's operating account for convenience
Explanation
NH brokers must maintain trust accounts that are separate from operating accounts. If interest-bearing, the interest must be paid to the client or to an approved fund (such as IOLTA), not retained by the broker.
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Key Terms to Know
State-Specific Concepts
Trust Account Rules
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