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Music trust funds include any item or evidence of value handed to the broker or the brokers employee while acting as an agent in a real estate transaction trust funds generally come in the form of cash or checks but really they can be any item that evidences value such as precious metals or stocks and bonds however for our purposes here will limit our conversation to what you're most likely going to encounter just cash and checks funds received in the form of cash or checks are to be deposited into the broker's trust account held undeposited as instructed or endorsed and hand it to others entitled to the funds trust funds received in the form of checks or cash may only be used for expenditures authorized and incurred for the benefit of the owners of the funds prior to the end of the third business day following the day the broker receives negotiable trust funds the broker needs to deposit the funds with the person or escrow depository entitled to the funds or in a trust account maintai

Version Form Popularity Fillable & Printable
CA RE 4521 2018 4.8 Satisfied (136 Votes)
CA RE 4521 1994 4.5 Satisfied (284 Votes)

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