Brokerage administration resources

Brokers of record are responsible for the management and supervision of the brokerage. The following resources are provided to support brokerage leadership in meeting their regulatory obligations and strengthening compliance within the brokerage.

Trust account reconciliation tutorial video

It is the broker of record’s obligation to review trust account reconciliations monthly. This safeguard is designed to protect consumer funds and to promptly alert the brokerage about any discrepancies within its Real Estate Trust Account (RETA).

We have created a short instructional video that walks through each section of the trust account reconciliation process in detail.

Sample reconciliation template

If your brokerage does not use a formal accounting software, RECO created a sample reconciliation template (Excel document) to use as a practical guide to help organize records and complete the reconciliation process.

Monthly compliance checklist

Brokers of record are responsible for maintaining proper records, implementing effective compliance procedures, trust account management, monitoring advertising and trade documentation, and addressing any areas of non-compliance in a timely manner.

This monthly checklist (PDF) can be used to help the brokerage leadership stay compliant in their regulatory obligations.