Question

Interest accrued on an interest-bearing clients' trust account may not be directly paid to the:

a) Principal broker.
b) Real estate licensee.
c) State government.
d) Property owner.

Answer 1

Interest accrued on an interest-bearing clients' trust account may not be directly paid to the Property owner. The interest earned is typically paid to the Principal broker or the Real estate licensee, with a portion also potentially going to the State government.

Step-by-step explanation:

The interest accrued on an interest-bearing clients' trust account may not be directly paid to the Property owner. Interest accrued on an interest-bearing clients' trust account may not be directly paid to the Property owner. The interest earned is typically paid to the Principal broker or the Real estate licensee, with a portion also potentially going to the State government.

The interest earned on a trust account is typically paid to the Principal broker or the Real estate licensee who manages the account on behalf of the property owner. The State government may also receive a portion of the interest as per legal requirements or regulations.