Colorado Real Estate Broker Exam — All Questions

Under Colorado Real Estate Commission rules on trust (escrow) accounts, a broker holding earnest money for others must:

• a.Deposit the funds into the broker's personal operating account
• b.Keep the funds in cash in the office safe
• c.Commingle the funds with brokerage revenue for convenience
• d.Keep the funds in a separate trust account and retain transaction records for the required retention period✓

Colorado brokers must hold other people's money, such as earnest money, in a separate trust or escrow account and must not commingle it with personal or business funds. Brokers must maintain accurate records and retain transaction and account records for the period required by Commission rule, commonly four years. These safeguards protect consumer funds and support Commission audits.