Real Estate Licensee Accountability in Transactions

What must a licensee account for in real estate transactions?

A licensee must account for all monies received on real estate transactions according to the:

  1. Board of Realtors
  2. Licensing Law
  3. Code of Ethics
  4. all of the above

Final answer: A real estate licensee is accountable for all monies received in real estate transactions according to the Board of Realtors, Licensing Law, and Code of Ethics.

A real estate licensee must account for all monies received during real estate transactions in accordance with all of the following:

  • Board of Realtors: The Board of Realtors may have additional rules for accountability that members must adhere to.
  • Licensing Law: The Licensing Law sets forth the legal requirements that real estate professionals must follow to comply with state regulations.
  • Code of Ethics: The Code of Ethics provides a framework for professional conduct, which includes the management of funds in a transparent and trustworthy manner.

Together, these standards ensure the protection of the public and uphold the integrity of the real estate industry.

← Commercial driver s license cdl suspensions what you need to know Maximizing tax credits can antonio claim the eitc for maria →