Indiana License Law
Under Indiana law, a real estate broker's trust account must be reconciled:
AAnnually at tax time
BMonthly to ensure all client funds are properly accounted for✓ Correct
COnly when a complaint is filed
DQuarterly by an independent CPA
Explanation
Indiana requires brokers to reconcile trust accounts monthly to ensure that all client funds (earnest money, security deposits) are accurately tracked and accounted for.
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