The period when it is permissible for a broker to maintain the broker's own funds in a designated trust or escrow account is when the funds are clearly identified as the broker's deposit and only for specific purposes, such as paying bank fees or maintaining a minimum balance in accord with the bank's policies.
It should be noted that a broker is a person who arranges transactions between a buyer and a seller for a commission when the deal is executed. The person also acts as a seller or as a buyer becomes a principal party to the deal.
In this case, the period when it is permissible for a broker to maintain the broker's own funds in a designated trust or escrow account is when the funds are clearly identified as the broker's deposit and only for specific purposes, such as paying bank fees or maintaining a minimum balance in accord with the bank's policies
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