Who is responsible for ensuring that the trust accounts conform to commission rules?

The responsibility for ensuring that trust accounts comply with commission rules falls on active qualifying brokers. This is because active qualifying brokers are licensed individuals who oversee the operations of a real estate brokerage and are accountable for the firm's adherence to legal and regulatory standards. They must ensure that all transactions involving trust accounts are handled according to the rules set by the commission, which includes proper accounting practices and safeguarding client funds.

This role emphasizes the broker's responsibility to maintain ethical practices in real estate transactions and manage the financial aspects diligently. While other parties, like associate brokers or tenant representatives, may deal with aspects of real estate transactions, they do not have the same overarching responsibility for compliance with trust account regulations. Property owners do not have any direct involvement in the management of trust accounts as they are not part of the brokerage operations. Thus, the active qualifying broker plays a crucial role in maintaining the integrity of trust accounts in accordance with commission rules.