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When must a broker withdraw commissions earned from a real estate trust account?

April 26, 2017account broker commissions earned Real Estate Trust withdraw

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When must a broker withdraw commissions earned from a real estate trust account?

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A. Within 24 hours after sales transactions are terminated or after commissions are earned in accordance with the contract. Fees earned for providing property management services should be disbursed on a regular monthly basis or as otherwise agreed in a property management agreement.