Which of the following can be described as accepted actions for managing trust money by a broker?

The accepted action for managing trust money by a broker is to deposit it in a trust account. Trust accounts are specifically designed to hold client funds that are not belonging to the broker or the brokerage firm, ensuring that these funds are kept separate from the firm's operating funds. This separation is necessary to comply with legal and ethical standards in real estate transactions, protecting both the broker and the clients.

Utilizing a trust account maintains clear accountability and transparency, as all transactions involving trust money can be tracked and reported accurately. This helps prevent any potential mismanagement or misuse of the funds, safeguarding the interests of the clients who have entrusted their money to the brokerage. It also aligns with regulatory requirements, as the Texas Real Estate Commission has established guidelines governing the handling of trust funds by brokers.

Options that involve depositing trust money into a personal account or commingling it with the firm's operating funds fail to uphold these standards and principles, leading to potential legal repercussions and a loss of trust with clients. Keeping funds in a safe place, while potentially secure, does not provide the necessary accountability and transparency afforded by a proper trust account.