Rhode Island License Law
Rhode Island law requires that a real estate broker's trust account be reconciled:
AAnnually at the end of each calendar year
BOnly upon request of the Division
COn a regular basis, typically monthly✓ Correct
DEvery time a new transaction is opened
Explanation
Rhode Island requires brokers to reconcile their trust accounts regularly — typically monthly — to ensure that client funds are properly accounted for and that no commingling or shortages exist.
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