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Illinois Real Estate Exam

Category - Illinois

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A broker’s trust fund records must show the trust fund balance on a _______ basis.

Daily
Weekly (each Friday)
Monthly (first of Month)
Quarterly (first of Quarter)

Explanation

Answer: A. Not only must the trust fund records be balanced daily, but after notice, the records must be made available to the Department of Real Estate for audit without further notice.

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Illinois Real Estate Exam

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