Get Frec Audit Checklist

The Frec Audit Checklist is an essential tool for ensuring compliance within your real estate office. This guide will provide clear, step-by-step instructions on how to accurately complete the checklist online, catering to users of all experience levels.

Follow the steps to successfully complete the Frec Audit Checklist

1. Click the ‘Get Form’ button to access the Frec Audit Checklist. This will allow you to view and edit the form in a suitable interface.
2. Begin with the office inspection section. Ensure you provide details related to the office entrance sign and include copies of all relevant licenses, such as those for the broker and the brokerage. Don’t forget to attach necessary agency disclosures.
3. Move to the escrow/trust accounts review. Gather and input the monthly reconciliation statements for at least the past six months. Include bank statements and canceled checks during that timeframe, as well as any checkbooks, deposit books, and receipts for bank deposits.
4. Accumulate ledger documentation, either as a physical ledger book or as a digital printout of sales and property management records, along with liability lists.
5. Proceed to the files section. Here, you need to compile pending sales contracts and pending listing contracts, ensuring you include files for any voided contracts or offers that have escrow funds currently being held.
6. Document any earnest money deposit disputes and ensure that you properly file agreements, contracts, and leases related to property management.
7. Once all sections are completed, review the entire checklist for accuracy and completeness. You can then save your changes, download a copy for your records, print the form, or share it as necessary.

Complete the Frec Audit Checklist online today to ensure your compliance!