A broker in Pennsylvania operates multiple offices. Under RELA, who is responsible for ensuring that escrow accounts at each office location are properly maintained?
Correct Answer
A) The broker of record is ultimately responsible for all escrow accounts across all offices
Under RELA, the broker of record is ultimately responsible for the proper management of all escrow and trust accounts across all office locations of the brokerage. While daily management may be delegated, the broker of record bears final responsibility.
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