Section 18.11. Non-depositable items.

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A broker shall not hold any instrument, equity or thing of value which is not depositable in a real estate trust account. Non-depositable items shall be held by one of the parties to a transaction or some other party, subject to an escrow agreement prepared by the parties or an attorney.

Cr. Register, April, 1981, No. 304 , eff. 5-1-81; renum. from REB 9.11, Register, February, 1983, No. 326 , eff. 3-1-83; am. Register, August, 1994, No. 464 , eff. 9-1-94; correction in (2) (a) made under s. 13.92 (4) (b) 7. , Stats., Register November 2011 No. 671 ; CR 13-072 : (1) renum. REEB 18.11, r. (2) Register May 2014 No. 701 , eff. 7-1-14.

                    
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