Client Funds

  • 2 Posts
  • 1 Sections
  • 1 Types
August 25, 2024 3 min read Definitions
Commingling of Funds: Definition, Implications, and Legal Considerations
Finance Law Fiduciary Trustee Client Funds Legal Compliance Accounting
An in-depth analysis of the commingling of funds, its legal implications, and exceptions.
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August 25, 2024 3 min read Definitions
Trust Account: Separate Bank Account for Client Funds
Finance Banking Real Estate Trust Account Escrow Account Broker Client Funds Segregation of Funds
A trust account is a separate bank account, segregated from a broker's own funds, in which the broker is required by state law to deposit all monies collected for clients. In some states, this is referred to as an escrow account.
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