Question

A principal broker must do the following when establishing a client trust account:

A. Establish a separate account for each client.
B. Deposit all client funds into the trust account.
C. Keep accurate records of all transactions.
D. All of the above.

Answer 1

A principal broker must establish a separate account for each client, deposit all client funds into the trust account, and keep accurate records of all transactions.

Step-by-step explanation:

A principal broker must do the following when establishing a client trust account:

1. Establish a separate account for each client.
2. Deposit all client funds into the trust account.
3. Keep accurate records of all transactions.

Therefore, the correct answer is D. All of the above.