Trust Fund Handling
DRE Approved(Sponsor #5017)
Real estate brokers and salespersons receive trust funds in the normal course of doing business. They receive these funds on behalf of others, thereby creating a fiduciary responsibility to the funds’ owners. Brokers and salespersons must handle, control, and account for these trust funds according to established legal standards.
This course discusses the legal requirements for receiving and handling trust funds in real estate transactions as set forth in the Real Estate Law and the Regulations of the Real Estate Commissioner. It describes the requisites for maintaining a trust fund bank account and the precautions a licensee should take to ensure the integrity of the account. It explains and illustrates the trust fund record keeping requirements under the Business and Professions Code and the Commissioner’s Regulations.
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PDF Study Materials:All course materials are provided as PDF files that can be downloaded from your account immediately after purchase. Exams are administered online and are accessed by logging in to your user account.
Empire Learning courses offered to California licensees are approved by the California Department of Real Estate (DRE Sponsor #5017) for continuing education credit. Each of the courses is individually approved and has a specific approval number that will be displayed on your completion certificate.
Our 45-hour continuing education packages are designed to meet the full renewal requirements for your specific license.
Note: The California Bureau of Real Estate (CalBRE) has changed its name back to the California Department of Real Estate (DRE) effective July 1st, 2018.