Other - Count I - Engaging in improper trust account procedures in violation of Iowa Code sections by: a. Failing to maintain at all times a record of the Respondent’s trust account and improper trust account procedures. b. Failing to accurately mainta
Reprimand. $1,000 Civil Penalty.
Count I - Engaging in improper trust account procedures in violation of Iowa Code sections by: a. Failing to maintain at all times a record of the Respondent’s trust account and improper trust account procedures. b. Failing to accurately maintain the running balance of all individual ledger accounts for the Respondent’s trust account. c. Failing to accurately maintain an Individual Ledger for Broker’s Equity for the Respondent’s trust account. d. Failing to provide a means for a monthly reconciliation of the Respondent’s trust account to ensure agreement of the general ledger balance, reconciled bank balance and individual ledger accounts. Count II - Failing to comply with the trust account requirements by maintaining an Iowa real estate trust account that is not interest bearing.
