Limiting broker deposits to $500

HB 4492 amends West Virginia's Real Estate License Act to increase the maximum amount of a broker's personal funds that can be deposited into a trust account from $100 to $500. This change directly affects licensed real estate brokers who handle client funds in trust accounts, allowing them to maintain a higher minimum balance without violating fiduciary rules. The bill modifies Section 30-40-18 of the West Virginia Code to update this specific limit, ensuring brokers can more easily meet account balance requirements. The provision aims to simplify compliance for brokers while maintaining safeguards for client funds held in trust.