267. Duty to pay clients' money into client accounts.

267.     Duty to pay clients' money into client accounts.

Every person1 who receives clients' money2 in the course of estate agency work3 must, without delay, pay the money into a client account4 maintained by him or by a person in whose employment he is5. The sole exception to this rule concerns certain deposits not forming part of the consideration for the acquisition of an interest in land6.

Money other than clients' money may be paid into a client account only if it is the minimum required for the purpose of opening