TRUST ACCOUNTS

Yes, a real estate trust account can be interest-bearing; however, it is only recommended for certain transactions, i.e. a large earnest money deposit on a property that will take some time to close  In these particular cases, the broker can  open an interest-bearing trust account if it is agreed to in writing by all parties to the transaction and the recipient of the interest earned is designated.  However, the broker cannot receive any part of the interest.