Utah License Law
Which of the following must a Utah principal broker maintain for all trust funds received?
AA general business checking account
BA separate trust account in a federally insured institution✓ Correct
CA personal savings account
DA money market fund account
Explanation
Utah law requires principal brokers to maintain separate trust accounts at federally insured financial institutions for all client trust funds (earnest money, rents, deposits). These funds must never be commingled with the broker's personal or business funds.
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