How often must a real estate broker provide trust account statements to clients?

A real estate broker is required to provide trust account statements to clients on a quarterly basis. This requirement ensures transparency and accountability in the handling of client funds. By receiving statements quarterly, clients can regularly monitor their funds, ensuring that all transactions are accurately accounted for and that their money is being managed appropriately. This periodic reporting is crucial for maintaining trust and complying with regulations governing real estate transactions. Regular statements also allow clients to raise concerns or questions about their accounts more promptly, fostering better communication between the broker and the client.