Which characteristic is true about a broker's trust account?

A broker's trust account is specifically designed to hold client funds separately from the broker's business operating funds. The primary characteristic that defines a trust account is that it must maintain client funds, ensuring that these funds are safeguarded and not commingled with operational funds. This separation is crucial for maintaining appropriate financial practices and protecting the interests of clients.

Trust accounts are typically structured to hold only funds that belong to clients, and any personal or business funds must be kept out of the account to prevent any potential misuse or mismanagement of client money. Therefore, maintaining client funds in the trust account is fundamental to the ethical and legal responsibilities of brokers under the regulations governing real estate transactions.