VA RE Broker Practice Questions - Virginia Real Estate Broker Exam

A Virginia broker discovers that a trust account is short $500 due to a bank error. What must the broker do?

Immediately deposit personal funds to cover the shortage and notify DPOR Wait for the bank to correct the error before taking action Close the trust account and open a new one Deduct the shortage from the next deposit received

Correct Answer:

Immediately deposit personal funds to cover the shortage and notify DPOR

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