Escrow or trustee account of deposited funds

Every broker shall, in accordance with rules promulgated by the commission under § 62-13-203 , keep an escrow or trustee account of funds deposited with the broker relating to a real estate transaction. The broker shall maintain for a period of at least (3) years accurate records of the account showing: (1) The depositor of the funds; (2) The date of deposit; (3) The date of withdrawal; (4) The payee of the funds; and (5) Other pertinent information that the commission may require. Acts 1988, ch. 919, § 1. Every broker shall, in accordance with rules promulgated by the commission under § 62-13-203 , keep an escrow or trustee account of funds deposited with the broker relating to a real estate transaction. The broker shall maintain for a period of at least (3) years accurate records of the account showing: (1) The depositor of the funds; (2) The date of deposit; (3) The date of withdrawal; (4) The payee of the funds; and (5) Other pertinent information that the commission may require. Acts 1988, ch. 919, § 1.