Real Estate Trust Accounts

4.43 Average Customer Rating

5 stars
(241)
4 stars
(102)
3 stars
(36)
2 stars
(8)
1 stars
(4)
Real Estate Trust Accounts has earned an average of 4.43 out of 5 stars from 1505
$19.95
Real estate trust accounts are typically separate accounts that are municipally required to be maintained and monitored by licensed real estate professionals (brokers, property management companies, individually licensed property managers, etc.) for the purpose of depositing certain funds received on behalf of a client or business entity. A real estate brokerage company, or similar licensed business, will usually set up a trust account at a bank or other lawfully recognized depository. The funds deposited in the trust account are received by a broker, salesperson, property manager, or the like on behalf of an individual (usually the buyer, renter, or lessee), and are held in the performance of any acts for which a real estate license is required. 

The main purpose of this course is to help further educate licensed real estate and similar industry professionals about trust accounts that are used in a variety real estate formats. Trust accounts are mandated by various municipal entities, and often guided by specific state legislation. This review will delineate multiple areas where trust account types are required, and explain how they work and function within numerous real estate vocations and corresponding business relationships. 

Chapter list:

1. Real Estate Trust Account
2. Real Estate Practices and Trust Accounts
3. Final Exam

Course ratings and reviews

McKissock is rated 4.4 out of 5 by 1504.
Rated 5 out of 5 by from Even though I am a licensed real estate agent, I don't deal a lot with the trust accounts. I am an employee of an agent so this is not a regular part of my duties. Informative. Lots to know and keep track of.
Date published: 2019-06-11
Rated 5 out of 5 by from This course was very informative and the information included is not information that RE School teaches with any depth. I learned a lot and am glad I took it.
Date published: 2019-06-11
Rated 5 out of 5 by from Courses are well worded and testing is concise yet not too overwhelming...
Date published: 2019-06-03
Rated 5 out of 5 by from I love McKissock because I can go at my own pace and always learn something new whenever I take one of their courses!
Date published: 2019-05-23
Rated 5 out of 5 by from I thought this course was very helpful in understanding trust accounts and procedures.
Date published: 2019-05-20
Rated 5 out of 5 by from Love working at my own pace in the comfort of my home.
Date published: 2019-05-10
Rated 5 out of 5 by from This course was applicable and educational to real estate practice.
Date published: 2019-04-23
Rated 5 out of 5 by from Good course about trust accounts. Straightforward and to the point. Well priced.
Date published: 2019-01-22
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