Under TREC rules, TREC has the authority to audit a broker's trust account. When can TREC conduct such an audit?
Correct Answer
A) At any time, as part of its regulatory oversight responsibilities, with or without a complaint
Under TREC's regulatory authority, the commission may audit a broker's trust account at any time as part of its oversight responsibilities. TREC does not need to wait for a specific complaint or obtain a court warrant to conduct a routine trust account audit.
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