Wyoming License Law
When the Wyoming Real Estate Commission conducts an audit of a broker's trust account, they are primarily looking for:
AThe broker's personal income tax compliance
BProper segregation of client funds, accurate record-keeping, no commingling, and reconciliation of trust account balances✓ Correct
CWhether commission rates are appropriate
DThe broker's advertising practices
Explanation
WREC trust account audits focus on: proper segregation of client funds from broker funds (no commingling), accurate ledger records for each client's account, reconciliation of ledger totals with bank statements, and timely deposit of client funds. These requirements protect clients' money.
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