In Kentucky, the client wants transaction accounting. Which statement is correct?
Correct Answer
C) The agreement must state when the principal broker sends the client an accounting of transactions related to the managed property
201 KAR 11:121 Section 10 requires a client-accounting date. Source basis: 201 KAR 11:121 Section 10 and KRS 324.111, Kentucky Legislative Research Commission official sources: property management agreements, ledgers, deposit timing, escrow/management accounts, and property-management account records; checked 2026-04-30.
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