How often should a real estate broker review trust account records in Indiana?

A real estate broker in Indiana is required to review trust account records monthly to ensure that all transactions are accurately recorded and that funds are properly managed. This monthly review helps maintain compliance with state laws and ensures that any discrepancies can be identified and rectified promptly. Regular scrutiny of these records is essential for safeguarding clients' funds and maintaining transparent business practices. Monthly reviews also help brokers stay aware of their financial dealings and avoid potential issues related to trust account mismanagement, which is critical for upholding the integrity of the profession. This frequency of review is aligned with best practices in real estate to promote accountability and trustworthiness in managing clients' trust funds.