Florida License Law
A Florida broker who discovers an escrow shortage caused by their own bookkeeping error must:
AReport it to clients immediately
BReimburse the shortage from personal funds and report the discrepancy per FREC requirements✓ Correct
CWait to see if the shortage corrects itself
DNotify the bank but not FREC
Explanation
When a broker discovers an escrow shortage (including those caused by bookkeeping errors), they must immediately restore the shortage from personal funds and comply with FREC's reporting requirements regarding escrow discrepancies.
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