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Which of these is an INCORRECT statement concerning the broker's escrow account? A The...

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Finance

Which of these is an INCORRECT statement concerning the broker's escrow account?

A The escrow account may be placed in a commercial bank, a credit union, a title company having trust powers, or a savings assocation in Fonda

b. When a broker receives a deposit, he must make the deposit into the escrow account no later than the end of the third business day blowing the recept of the tem to be deposited

C. The broker may receive interest only if provided for by a written agreement of all parties

D Binder deposits and personal or brokerage funds up to $6,000 may be kept in the escrow account

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