If a broker has conflicting demands for escrowed funds, what must the broker provide to the commission?

When a broker encounters conflicting demands for escrowed funds, it is essential to provide written notification to the commission. This requirement stems from the need for clear documentation and a formal record of the situation. Written notification helps ensure that all parties involved have a precise understanding of the conflict and aids in maintaining transparency and accountability within the transaction.

Written notification serves several purposes: it creates an official record of the broker's actions, outlines the specifics of the conflicting demands, and allows the commission to assess the situation appropriately. This process protects both the interests of the parties involved in the escrow as well as the broker's responsibility, ensuring compliance with legal and ethical standards.

Verbal or electronic notifications may not provide the same level of clarity and documentation that written notifications afford. As a result, relying on informal communication methods could lead to misunderstandings or disputes later on. Hence, written notification is the mandated approach for addressing such situations.