Which items are considered non-depositable for a trust fund?

Non-depositable items for a trust fund refer to assets or forms of value that cannot be directly deposited into a trust account designated for handling client funds in real estate transactions.

In this case, the correct answer identifies a note, bond, stock certificate, treasury bill, or any other equity or thing of value as non-depositable. These items are considered financial instruments and assets but do not qualify as cash or cash equivalents that can be deposited directly into a trust account. Trust funds are intended to handle liquid assets to facilitate transactions, and therefore, they typically consist of cash-based items, such as those listed in other choices.

While cash and checks, real estate listings, and bank deposits and savings can be readily managed and deposited within a trust account, items like notes and stock certificates represent ownership interests and cannot simply be deposited like cash. Understanding the distinction between depositable and non-depositable items is crucial for maintaining compliance with real estate trust account regulations and ensuring that client funds are handled properly.