Arkansas Real Estate Practice Exam

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Who is responsible for the trust accounts in both the main and branch offices?

Associate Broker
Principle Broker
Executive Broker
Office Manager

The correct answer is: Principle Broker

The principle broker is responsible for the trust accounts in both the main and branch offices because they are the main supervising broker for the real estate company. Associates and executives may also have responsibilities related to trust accounts, but the principle broker is ultimately responsible. This is why options A, C, and D are incorrect. The office manager may assist with trust account management, but ultimately it is the responsibility of the principle broker to ensure compliance and proper management of trust accounts. So option D is also incorrect.