Key Numbers
California Number Bank: Trust Funds
A concise definition for the California Real Estate Exam study guide.
Definition
3 business days to deposit trust funds. 3 years record retention. Broker may keep limited personal funds in trust account only to cover bank charges.
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 6: Valuation & Appraisal →