Maine License Law
Under Maine law, a real estate broker must maintain their trust account records in a way that allows the MREC to:
AMake investments on behalf of clients
BAudit the account at any time to verify compliance with Maine license law✓ Correct
CAccess the funds for regulatory purposes
DCharge fees directly to the trust account
Explanation
Maine requires trust account records to be maintained in a manner that allows the MREC to audit them at any time, verifying that client funds are properly held, accounted for, and segregated from the broker's own funds.
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