What is the statutory purpose of the requirement that real estate brokerage firms maintain a...
50.1K
Verified Solution
Link Copied!
Question
Accounting
What is the statutory purpose of the requirement that real estate brokerage firms maintain a prescribed set of record each transaction
The brokerage records can help to settle a dispute between parties to a transaction that arises after closing
The commission has authority to review brokerage records for investigation if a customer comlaintan
The county recorder needs to be able to subpoena brokerage record for review if cloud on title result from a recording errors
The brokerage records provide redundancy for client and customer who may need copies of records they have lost as a result of fire or natural disaster
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.