When must a brokerage notify the commission about the establishment of a trust fund account?

The requirement for a brokerage to notify the commission about the establishment of a trust fund account is within 30 days of establishment. This timeframe allows the brokerage to set up the necessary financial structures for managing client funds while also ensuring that the commission is kept informed in a timely manner about accounts that hold trust funds. This process is essential for maintaining regulatory compliance and protecting consumer interests.

The rationale behind this policy is to ensure transparency and accountability in how client funds are handled, which is critical in real estate transactions. Real estate professionals are entrusted with significant amounts of money, and the commission needs to monitor these accounts to prevent mismanagement or fraudulent activities.

While establishing the account is crucial, the immediate notification requirement serves to uphold a standard of communication and oversight without placing undue burden on the brokerage. The other options suggest either notifying prior to establishing the account or only in specific circumstances, which does not align with the established regulations requiring proactive reporting within a specified period after the account has been created.