Article 8 of the NAR Code of Ethics states that real estate agents and brokers should keep a separate account in an appropriate financial institution. What should be kept in this account?
A) commisions from recent sales, which should not be spent in case a client makes a complaint
B) all monies in the agent or brokers possession, including their savings
C) money to use toward professional services such as property inspections and appraisal
D) monies coming into their possesion in trust of other people, such as escrows and trust funds
E) withheld taxes on commision
Correct Answer:
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