Search results for "trust funds" | firsttuesday Journal

DRE Hot Seat: Broker conceals their own non-licensed escrow service while commingling trust funds

Posted by Amy Platero | Apr 25, 2022 | Fundamentals, Licensing and Education, Real Estate, Your Practice |

This article is part of an ongoing series covering violations of real estate law. Here, the Department of Real Estate (DRE) revoked the California real estate license of a broker who commingled their client’s funds with their personal account and used themselves, operating under an unapproved fictitious business name, as the escrow service without informing the client.

Implicit Bias, Office Management & Supervision, Agency, Fair Housing, Trust Funds, Ethics and Risk Management

Posted by ft Editorial Staff | Sep 17, 2020 |

Implicit Bias, Office Management & Supervision, Agency, Fair Housing, Trust Funds, Ethics and Risk Management Cap off your license renewal with this one-stop interdisciplinary volume included with your renewal course. Stay...

Advance Fees are Trust Funds

Posted by ft Editorial Staff | Dec 10, 2019 | Real Estate, Video |

The proper handling of broker fees deposited with the broker before they are earned

Advance Costs are Trust Funds

Posted by ft Editorial Staff | Dec 4, 2019 | Real Estate, Video |

The proper handling of costs advanced by a seller to a broker to market their property and acquire property reports

Managing Trust Funds

Posted by ft Editorial Staff | Nov 13, 2017 | Real Estate, Video |

Covers: Items or evidence of value; Proper handling of trust funds; Agent’s acceptance of trust funds on behalf of their broker; Use of a subaccount ledger; Commingling and conversion