Kovats Real Estate School Practice Test

Who must have access to a broker's records?

1. The broker's family members

2. Members of the Commission without notice

3. Only other licensed brokers

4. The general public upon request

The correct answer is: Members of the Commission without notice

The requirement that members of the Commission must have access to a broker's records is rooted in the regulatory oversight of real estate practices. This access is essential for ensuring compliance with laws and regulations governing real estate transactions. The Commission has the authority to review records to investigate complaints or conduct audits, ensuring that brokers adhere to ethical practices and maintain proper documentation of their transactions. This access serves the public's interest by promoting transparency and accountability within the real estate industry. It enables the Commission to maintain oversight and take appropriate actions against any misconduct, thereby protecting consumers and maintaining the integrity of the real estate profession. In contrast, access to the broker's records is not typically granted to the broker's family members, only licensed brokers, or the general public upon request. Each of these groups does not have the same regulatory need for access to ensure compliance with state laws governing licensed real estate professionals.