What must an attorney comply with when selling a property as part of their legal duties?

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When an attorney sells a property as part of their legal duties, they must comply with trust account provisions of license law. This requirement ensures that any funds received in the course of real estate transactions are handled properly. Trust account provisions are designed to safeguard clients’ funds and ensure that any deposits or earnest money are held in a separate account, maintaining transparency and accountability in financial transactions.

Attorneys have a legal responsibility to manage clients' money according to strict regulations. This includes depositing funds into a trust account and disbursing them only according to the terms of the agreement or with proper authorization from the client. Compliance with these provisions is critical in maintaining the integrity of the legal and real estate processes, ensuring that clients’ interests are protected throughout transactions.

While other choices like local zoning laws, agency disclosure requirements, and state tax rules are important legal considerations in real estate transactions, they do not specifically pertain to the primary duties of handling clients' funds and ensuring proper financial practices in real estate dealings. The trust account provisions ensure that the attorney abides by the necessary obligations surrounding financial management in real estate sales.

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