Section 21. Escrow account.
Every licensee and registrant shall promptly deposit moneys, received from the sale of property, belonging to others in a separate custodial or trust fund account maintained by the licensee or registrant until the transaction involved is terminated, at which time the licensee or registrant shall account for the full amount received. Such moneys received by a licensee or registrant working for an auction company or trading assistant company shall be promptly turned over to such company for deposit and accounting.
(21 amended July 20, 2016, P.L.789, No.88)