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C-73.2 - Real Estate Brokerage Act
Section 10
Disposition versions
10. All money received by a broker’s licence holder in the course of his or her functions that does not belong to him or her must be deposited in a trust account as specified in the Organization’s regulations.
The interest earned on money held in trust that is not claimed by the person who is entitled to the interest must be paid to the Organization, as specified in the Organization’s regulations.
10. All money received by a broker in the course of the broker’s functions that does not belong to the broker must be deposited in a trust account as specified in the Organization’s regulations.
The interest earned on money held in trust that is not claimed by the person who is entitled to the interest must be paid into the financing fund established under section 47, as specified in the Organization’s regulations.
