Nevada License Law
What is the Trust Account Audit requirement for Nevada real estate brokers?
ABrokers must audit their trust accounts quarterly
BNRED may audit broker trust accounts at any time to ensure compliance with trust fund handling requirements✓ Correct
COnly state-appointed auditors may review trust accounts
DTrust accounts are only audited if a complaint is filed
Explanation
Nevada Real Estate Division investigators may audit broker trust accounts at any time to verify that all client funds are properly held, that records are accurate, and that no commingling or conversion of funds has occurred. Brokers must maintain detailed trust account records.
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