Under Ohio law, a broker's trust account reconciliation must be performed regularly. All of the following are components of a proper reconciliation EXCEPT:
Correct Answer
C) Obtaining written approval from the Division before making each disbursement
Brokers do not need to obtain Division approval before making each disbursement. Trust account management is the broker's responsibility, and disbursements are made according to the terms of the transaction and applicable law. The Division reviews trust account practices through audits and inspections.
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