Which of the following is a requirement for a real estate trust account in Maine?

In the context of real estate practice in Maine, a real estate trust account must indeed be a checking or savings account. This requirement ensures that the funds held in trust, which are for clients or customers, are maintained in a secure and easily accessible format. Checking or savings accounts are standard types of accounts that allow for the proper management and withdrawal of funds when necessary, as well as providing a clear record of transactions.

Choosing the right type of account is crucial for maintaining transparency and accountability in handling clients' funds. Such accounts typically offer features necessary for trust account management, including transaction records, which are important for compliance with state regulations. Proper documentation and clear management of these accounts help protect both the real estate licensee and their clients.

Other considerations, such as interest accruement details or account naming conventions, do not alter the fundamental requirement for the account type itself.