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103. which of the following statements is incorrect about trust account dealing with coloradotransaction? A...

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Finance

103. which of the following statements is incorrect about trust account dealing with coloradotransaction?

A journal and ledgers must be kept for each trust account maintained by the broker

A separate account must be maintain for each transaction

A nonresident broker must maintain trust account in a recognized colorado deposited

A broker must hold earnest money deposits in atrust account unless the parties specifically direct otherwise

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