What is the timeframe in which a broker must notify the West Virginia Real Estate Commission of a trust fund account establishment or change?

A broker is required to notify the West Virginia Real Estate Commission within 10 days of establishing or changing a trust fund account. This timeframe is significant because it helps ensure that the Commission remains informed about the financial practices of licensed real estate professionals, which is crucial for maintaining consumer protection and ensuring compliance with the state's regulations. Timely notification allows the Commission to monitor trust accounts and ensures that funds are being handled correctly and ethically, reflecting the importance of transparency in real estate transactions. Failure to notify within this period could lead to potential regulatory issues or penalties for the broker.