Colorado Recordkeeping and Trust Accounts Practice Test

In escrow (trust) accounts, signing authority isn’t limited to the employing broker alone. The broker can designate other people to sign checks from the trust account—such as trusted staff or office managers—as long as those individuals are properly authorized, the designation is documented in accordance with firm policies, and it meets bank and Colorado trust accounting requirements. This flexibility helps ensure timely disbursements and smooth closings, even if the broker isn’t available. The other options imply signatories are restricted to just the contracting party, the bank manager, or the title company, which isn’t accurate—the key point is that additional designated signatories may exist beyond the employing broker.