What details must Responsible Brokers notify the commission about regarding trust accounts?

The correct choice emphasizes the necessity for Responsible Brokers to notify the commission about the pertinent information concerning trust accounts. This includes the name and details for trust account holders and banks, as this information is vital for regulatory oversight and accountability in the management of client funds.

The rationale behind requiring such details is to ensure transparency and to facilitate audits or inquiries that may occur regarding the trust accounts. By having the names and details of account holders and the banks involved, the commission can verify that brokers are in compliance with legal and ethical standards in handling trust funds. This leads to increased consumer protection and helps maintain the integrity of the real estate industry.

While account balance, types of investments, and monthly transaction history may be important indicators of the overall status of a trust account, they do not provide the foundational trust and verification details that the name and details of account holders and banks supply. Hence, this choice addresses the core requirements set forth by regulatory bodies to uphold proper management and oversight of trust accounts in real estate transactions.