Fred Griffin Florida Real Estate, Licensed Florida Real Estate Broker (Fred Griffin Real Estate)

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Rainmaker
895,685
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

That's basically what they would want to see, but our DRE doesn't really work exactly like that unless there's been a complaint.
If you're getting an audit, chances are you'll get a letter first, stating that an auditor would be visiting you on X date, usually with a 30 day notice so you would have plenty of time to make sure that if you weren't already in compliance that you were then.
Even if there's a complaint, and determined valid, you'd still get a heads up.
I don't know of anybody who's been randomly surprise-visited. There has to be a reason, and you know it's coming.
Unless you're dumb.
Which is probably why you got the complaint in the first place. LOL.

May 17, 2018 11:37 AM
Rainmaker
543,369
Greg Large
ERA Real Solutions - Grove City, OH
A Tradition of Trust

yes, random Broker audits are common. thankfully the office admin handles them and I believe they cover everything included on your list with emphasis on Agency Disclosure and escrow account.  I know they were not in the office long and we passed. 

May 17, 2018 11:37 AM
Rainmaker
5,591,778
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Fred,

It did not happen to us.  We kept meticulous records with all the documents and copies of each transaction above and beyond what was needed. One should always be prepared  A

May 17, 2018 11:23 AM
Ambassador
3,058,322
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I plead the fifth ... or at a minimum a shot of tequila. 

May 17, 2018 06:37 PM
Rainmaker
5,571,934
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

no, never....neither I nor any office I've been affiliated with.... 

May 17, 2018 11:41 AM
Rainmaker
1,723,675
Lyn Sims
Schaumburg, IL
Schaumburg Real Estate Agent Retired

Why would you have to keep forms that are totally online now? That seems archaic.

Office handles that.

May 17, 2018 05:50 PM
Rainmaker
911,536
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Have not had that experience.

Have had an IRS tax audit, though. That was sure fun (NOT!).

May 17, 2018 05:25 PM
Rainmaker
514,124
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

Our office was recently chosen for a random audit and one of my files was flagged due to a late turn in of earnest money. Fortunately, I was the listing agent on the transaction and the file had been noted. I understand the buyers agent may be contacted over this however. 

May 17, 2018 03:04 PM
Rainmaker
808,847
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Idaho Real Estate Commission audits brokerages every 2 years (though with so many popping up I'm in my 3rd year waiting for the call). They make an appointment, maybe a week in advance, so it's not just a random knock on the door. They look at our trust account bank ledger, trust account bank statements, buyer agreements, purchase and sale agreements, and ledger cards we make for tracking earnest money. -Kasey

May 17, 2018 12:07 PM
Rainmaker
4,103,614
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I haven't but I wouldn't be surprised if my brokerage hadn't been through one since it is so large.   Proper tecord-keeping is certainly important and it is enforced at all levels that i see.

May 17, 2018 11:36 AM
Rainmaker
2,642,312
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Cobwebs....

May 17, 2018 05:20 PM
Rainer
92,032
Jon K. Judd
Keller Williams Realty - Central Delaware - Dover, DE
GRI, e-PRO, SFR, Delaware Homes

NO... as far as I am aware...

May 17, 2018 02:08 PM
Rainmaker
468,605
JoAnn Moore
The Mortgage Market of Delaware - Georgetown, DE
Home Loans in Delaware

We own a mortgage brokerage. We were audited by the State Banking Commission 3 years ago. They asked us to pick out 10 files for the inspector to look through. Now we're preparing for another one. We emailed a list of file names, type of loans, etc. They chose 25 for us to pull and have ready for them to review.    

May 17, 2018 01:27 PM
Rainmaker
6,613,594
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

No.

May 17, 2018 11:51 AM
Rainmaker
1,926,309
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I have not Fred

May 18, 2018 05:56 AM
Rainer
326,822
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I am not privy to those dealings. I have not had an audit personally. 

May 17, 2018 10:24 PM
Ambassador
4,312,759
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Fred Griffin - I had an audit from IRS few years back who wanted to confirm my expenses shown in the return! (It helped me as I had missed few deductions that I could use it for subsequent years.)

May 17, 2018 10:23 PM
Ambassador
3,986,710
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Years ago the auditor came to my office and wanted to check 5 files. He was looking for earnest money deposited on time and disbursed correctly.

May 17, 2018 08:18 PM
Rainmaker
1,232,777
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Call will banker got audited once or twice while I work there but we were not privy to the wants or reasons why 🤫

May 17, 2018 08:12 PM
Ambassador
4,259,392
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I have not personally but, I do know some in our area that SHOULD be audited!!

They can audit me away - I keep meticulous records and do not fear the REC!

May 17, 2018 07:35 PM
Rainmaker
4,944,828
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I was told back in 2009 most likely would be audited to be sure I was doing the right stuff, but (knock on wood) have never been audited.

May 21, 2018 06:02 AM
Rainmaker
1,387,828
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I don't think CA does this.  I doubt they have the staff.  Besides, would be hard for them to show up to my office... it's a PO box!

May 20, 2018 09:25 AM
Rainmaker
4,433,703
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

May 19, 2018 05:43 AM
Rainmaker
556,968
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

The agency checks for client trust accounts (which we do not use) and continuing education records (which we do).  Each agent is required to keep their own education records for 3 years.  I have my personal ones going back far longer than that.

May 18, 2018 10:45 AM
Rainmaker
4,215,102
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Yes was audited in Florida. They inspected two files randomly selected. We passed with flying colors.

May 18, 2018 06:17 AM
Rainmaker
4,799,501
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I am not a broker, so I don't have to worry about this.

May 18, 2018 05:18 AM
Rainmaker
3,069,984
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Nope

May 18, 2018 04:49 AM
Rainmaker
577,189
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

I personally have never been audited, but there a random Brokerage checks from time to time, and the brokerage has been audited by the government for FINTRAC compliance.  Financial Trasnactions and Reports Analysis Centre of Canada gather, analyzes, assesses and discloses financial intelligence. If we are noet in compliance, i.e. having all the necessary forms  in the file, and completed properly, fines will be imposed.

May 18, 2018 04:49 AM
Rainmaker
4,123,116
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I have not been personally audited... as for my brokerage... I have no idea... I would assume there have been spot ads and I believe the brokerage is run on a basis that we could be audited any day and are ready for it. And that is one reason I don't go into business for myself.

May 18, 2018 04:25 AM
Ambassador
5,414,363
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Always best to be prepared for an audit.

May 17, 2018 11:54 PM
Rainer
87,820
Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Yes. 

May 17, 2018 11:06 PM
Rainmaker
3,985,875
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

No, but it wold not surprise me in the least

May 17, 2018 09:01 PM