What must a broker company provide upon request?

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A broker company is required to provide a summary of the escrow account upon request to ensure transparency and accountability in handling client funds. Escrow accounts are used to hold money safely during a real estate transaction until the conditions for release are met, making it crucial for clients to understand how their funds are being managed. This summary typically includes information on the balance, any transactions made, and how the funds are being secured.

Providing this information fosters trust between the broker and the client, as it demonstrates a commitment to proper financial practices. While other options like financial reports, fee structures, and client testimonials can be important, the specific request for a summary of the escrow account aligns directly with the fiduciary duties brokers have in protecting clients' money during a transaction, making it a fundamental piece of information that clients are entitled to receive.

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