office in a prominent estate transaction that the broker has handled. The records
location. In case of revocation, the licensee shall remove all shall be made available for inspection by the commission and
office signs visible to the public; its authorized agents at all times during usual business hours
7. Maintain all escrow or trust accounts until all monies at the broker’s regular place of business. No broker shall charge
are transferred to a title company, a lending institution, an a separate fee relating to retention of records.
escrow company, or an attorney for closing the transaction, or
are otherwise properly disbursed as agreed to in writing by the (2) Every broker shall retain for a period of at least three (3)
parties having an interest in the funds; years true copies of all property management agreements,
8. Arrange for pending contracts to be closed by a title correspondence or other written authorization relating to
company, a lending institution, an escrow company, or an each real estate transaction relating to leases, rentals or
attorney. Notify all parties involved in pending transactions management activities the broker has handled. The broker