Which of the following is a requirement for brokers regarding the monthly reconciliation statements of escrow accounts?

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Brokers are required to review, sign, and date the monthly reconciliation statements of escrow accounts as part of their responsibility to ensure that the accounts are managed properly and that funds are accounted for accurately. This process serves multiple purposes: it provides a layer of oversight that helps to prevent errors or misappropriation of funds and ensures that the broker is actively engaged in the financial aspects of the transaction. By signing and dating the statements, the broker formally acknowledges that they have reviewed the reconciliations, which is critical for maintaining compliance with regulatory standards and promoting ethical practices.

The other options, while they may seem relevant, do not reflect the specific legal obligation that brokers have regarding the escrow account reconciliation process. This makes the requirement to review, sign, and date the statements the correct choice.

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