Oregon License Law
When Oregon OREA conducts a trust account audit and discovers a shortfall, which licensee(s) may face discipline?
AOnly the affiliated broker who handled the transaction
BThe principal broker and potentially all affiliated licensees involved in transactions showing improper trust account handling✓ Correct
COnly the office manager
DOREA cannot discipline licensees for trust account issues
Explanation
Trust account shortfalls are serious violations. The principal broker bears primary responsibility for maintaining a properly funded trust account and may face discipline even if an affiliated broker caused the shortage — due to the supervisory responsibility. Additionally, any affiliated licensee whose actions directly caused the shortfall (commingling, conversion) may also face independent discipline from OREA.
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