Real Estate Commission rules prohibit a broker from keeping any of the brokerage funds in an escrow account.

a. true
b. false

Answer: b. false

Business

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Amy transfers a piece of realty, "to Bill for his life, and then to John." What type of ownership

interest has Amy created? A) Life estate to Bill; remainder to Amy B) Life estate to Bill; reversion to Amy C) Life estate to Bill; reversion to John D) Life estate to Bill; remainder to John E) Life estate to Bill; remainder to John; reversion to Amy

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