What does the Department have jurisdiction to do in relation to brokers?

The Department’s authority includes the ability to audit a broker's trust account at random, which is crucial for ensuring that brokers are complying with the regulations governing the handling of client funds. Trust accounts must be carefully managed to protect the interests of clients and maintain financial integrity within real estate transactions. Through random audits, the Department can verify that the brokers are maintaining accurate records and using trust funds appropriately, preventing issues such as misappropriation or mishandling of funds.

The other options do not fall under the Department's jurisdiction. For instance, setting commission rates is typically determined by the market and individual negotiations between brokers and their clients, rather than regulatory oversight. Approving sales contracts is also not the responsibility of the Department; contracts are legal documents that the parties to the agreement negotiate and execute independently. Conducting real estate training programs might be an activity related to education and professional development but does not directly pertain to the regulatory oversight functions of the Department regarding brokers. Thus, the ability to conduct random audits of trust accounts stands out as a direct and essential responsibility of the Department.