Final answer:
A broker may disburse funds from a trust account for authorized transactions, payment of commissions, client's instructions, and legal obligations.
Step-by-step explanation:
A broker may disburse funds from a trust account in certain circumstances. These circumstances include:
Authorized Transactions: A broker can disburse funds from a trust account to complete authorized transactions on behalf of the client.
Payment of Commissions: A broker can disburse funds from a trust account to pay themselves or other agents involved in the transaction their commissions or fees.
Client's Instructions: A broker can disburse funds from a trust account if they have received clear instructions from the client regarding the use of funds.
Legal Obligations: When required by law, a broker can disburse funds from a trust account to fulfill their legal obligations, such as paying taxes or complying with court orders.