It is legal for a principal real estate broker to place clients' trust funds in an interest-bearing account in Oregon ____(A) Wi

Question

3 years ago

6

It is legal for a principal real estate broker to place clients' trust funds in an interest-bearing account in Oregon ____(A) Wi

th only the written approval of the person from whom the funds were received(B) only if the account is federally insured(C) as long as the lisensee does not receive interest on the account(D) under no circumstances

Business

1 answer:

inna [77] · Answer 1 · 2022-03-01T09:33:07+03:00

Answer:

The correct answer is (A) With only the written approval of the person from whom the funds were received

Explanation:

Only with the approval of the client is it sufficient for this operation to be carried out, because they correspond to private funds that belong to individuals and companies. The purpose of placing them in trust funds is that they receive better returns that in the future may mean extra income for the owners.