Locate a GRI GRI Designation Real Estate Masters

GRI Program is Sponsored by the CALIFORNIA ASSOCIATION of REALTORS® DRE Sponsor #0001

 



Course 102: Trust Fund Management
 
<< View All Courses

Course Description
General Information Page here.

This course fulfills the DRE mandated 3-hour Trust Funds requirement for first time license renewals. Instruction includes the importance of knowing how to properly handle trust funds to help keep licensees from losing their emphasizes licenses. Discover the importance of properly accounting for client's deposits. Whether a salesperson or a broker, licensees need to know how to maintain records and document the receipt and disbursement of trust funds in a manner that is consistent with the law.

Course Goals
The purpose of this course is
  • To minimize the licensee's risk of being audited by the Department of Real Estate Estate
  • For those brokers who are audited, to come through with a clean bill of "trust fund compliance health."
  • The overall concept of trust fund accountability is covered in this course.
  • Also discussed are prudent business practices which the licensee must follow in order to avoid the possibility of harsh results stemming from an audit by the DRE.
  • The major requirements concerning the receipt, handling, and disbursement of trust funds are discussed.
Course Instructional Objectives
Upon completion of this course, the student will be able to:
  • Identify DRE requirements for handling trust funds
  • Comply with trust fund bank account regulations
  • Maintain and reconcile trust fund accounting records
  • List the documentation required for various real estate transactions
  • Prepare for an audit by the Department of Real Estate
  • Record transactions on the columnar record forms
  • Recognize the consequences of violating the law as it relates to trust fund handling.


*Courses #102 and #104 are taught on the same day.


^Top





Comodo SSL SSL Certificate   | Advertise Course Policies | 
Professional Realty Institute
888.785.4800  626.229.9900
626.229.0789 FAX
©1999-2021 Professional Realty Institute, Inc. - All Rights Reserved.
Please read our
Privacy Policy and Terms of Use