# Real Estate Exam [California] 05, Trust Funds and Trust Account Handling

Page: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-05-trust-funds-and-trust-account-handling
Text version: https://stenobird.com/podcast/real-estate-exam-prep-7644240/real-estate-exam-california-05-trust-funds-and-trust-account-handling.md
Podcast: [Real Estate Exam Prep](https://stenobird.com/podcast/real-estate-exam-prep-7644240)
Published: 2026-06-09T00:21:14+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/bf99192c-d0a0-4a7f-92ef-678a57e70279.mp3
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Duration seconds: 169

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Trust funds must be deposited into a trust account, neutral escrow, or given to the principal within three business days of receipt. - Commingling is the illegal mixing of client funds with a broker's personal funds. - A broker can legally keep up to $200 of their own money in a trust account strictly to cover bank service fees. - Conversion is the illegal use or theft of client funds for personal or business expenses, which is more severe than commingling. - Brokers are required by California law to maintain all trust fund and transaction records for a minimum of three years. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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## Transcript

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