The broker has seven different escrow accounts because he wants to maintain good relationships with each of the different banks. These relationships will help the broker get financing for some of the builders with whom he works. The broker is a signatory on all the accounts and he maintains no more than $1000 of his own money in each account. He reconciles all of the accounts no more than 30 days from the last reconciliation. Can the broker have this many accounts?

Clara client has just been presented with a standard representation agreement by the law firm of yatz & berger. clara's first language is german. although she speaks and reads everyday english quite well, the legal terms in the contract confuse her. yatz & berger should question 90 options: have someone in the firm, if possible, or a translator from outside of the firm, explain the terms of the contract thoroughly until clara has a full and complete understanding of its terms. advise clara to take the contract home and study it before signing it. have a paralegal explain the most important clauses in the contract to clara in smaller, plain english words. advise clara to sign the contract and take her copy home for study.