To have funds in an interest bearing trust account, the broker must do all of the following EXCEPT:

• A. Notify the commission of the name of the account (which must contain the word trust or escrow)
• B. Notify the commission within 30 days of opening the account that said account is in a federally insured bank
• C. Notify the commission of the account number of said account
• D. Notify all parties to the transaction of the name of the bank where said trust funds will be kept

Answer: (D)