Trust Funds
Trust Fund Deposit Rule
A concise definition for the California Real Estate Exam study guide.
Definition
Trust funds must generally be deposited into the trust account within 3 business days of receipt, unless the parties have authorized holding the check uncashed.
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 7: Trust Funds & Broker Accounting →