CA RE Broker Practice Questions - California Real Estate Broker Exam

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When conducting a DRE trust fund audit, an auditor finds that a broker's trust account is short $3,200. The broker claims a bookkeeping error. What is the MOST LIKELY consequence?

Warning letter with no further action Immediate license revocation Citation and fine up to $10,000, plus possible formal hearing Criminal prosecution without administrative action

Correct Answer:

Citation and fine up to $10,000, plus possible formal hearing

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