Minnesota License Law
The Minnesota Department of Commerce audits a real estate broker's trust accounts and finds a $3,000 shortage. This shortage likely indicates:
AA minor bookkeeping error that is common and acceptable
BPossible misappropriation or commingling requiring serious investigation✓ Correct
CThe broker is owed money by a client
DNormal trust account variations within acceptable limits
Explanation
Any shortage in a real estate trust account in Minnesota is a serious matter requiring investigation. Trust account shortages indicate either misappropriation of client funds, improper commingling, or serious accounting errors - all of which are violations of Chapter 82.
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