Itselliekojo1032 Itselliekojo1032

01-02-2020
Business

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"Under what circumstances might a broker open a separate escrow account for each beneficiary of a transaction?"

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PiaDeveau PiaDeveau

03-02-2020

Answer and Explanation:

If the broker shall have an "ownership interest" in a company, joint venture or alliance, and shall receive payments for the selling or lease of such land of these institutions.

Then the broker may choose to set up a separate escrow account for each "major accounting company" controlled or otherwise operated to comply with this and other regulations.

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