Real Estate Math
A broker's trust account starts with $5,000 in earnest money from Buyer A. Buyer B deposits $8,000. Buyer C deposits $3,500. What is the total in the trust account?
A$13,000
B$16,500✓ Correct
C$11,500
D$18,500
Explanation
Total = $5,000 + $8,000 + $3,500 = $16,500. The broker's trust account must account for each deposit separately and the total balance must equal the sum of all individual client funds held.
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