Real Estate Agency Trust Account Reconciliation Form - Oregon

Real Estate Agency Trust Account Reconciliation Form is a legal document that was released by the Oregon Secretary of State - a government authority operating within Oregon.

FAQ

Q: What is the Real Estate Agency Trust Account Reconciliation Form?
A: The Real Estate Agency Trust Account Reconciliation Form is a document used in Oregon to reconcile the funds held in a real estate agency's trust account.

Q: Why is it important to reconcile a real estate agency's trust account?
A: Reconciling the trust account is important to ensure that the funds held in the account match the agency's records and to detect any discrepancies or errors.

Q: Who needs to use the Real Estate Agency Trust Account Reconciliation Form?
A: Real estate agencies in Oregon that hold client funds in a trust account are required to use this form to reconcile their trust account.

Q: What information is included in the Real Estate Agency Trust Account Reconciliation Form?
A: The form includes details of the agency's trust account, such as the account balance, outstanding checks, deposits in transit, and any other adjustments.

Q: How often should a real estate agency reconcile their trust account?
A: Real estate agencies in Oregon are required to reconcile their trust account on a monthly basis.

Q: Is the Real Estate Agency Trust Account Reconciliation Form specific to Oregon?
A: Yes, this form is specific to Oregon and is used to comply with the state's real estate regulations.