Which option correctly states where auto broker deposits must be held?

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Deposits from buyers must be kept separate from the broker’s funds in a dedicated trust account. This protects the customer’s money and ensures fiduciary responsibility by preventing commingling with the business’s finances and guaranteeing the funds are available for the transaction or returned if it doesn’t close. Placing deposits in the dealership’s general operating account mixes client funds with business money and creates liability and accounting issues. A personal savings account puts client funds under an individual’s control, which is inappropriate for trust funds. A savings account not designated for deposits wouldn’t meet the requirement to safeguard customer funds. Therefore, deposits must be held in a separate trust account.