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Course overview
This CPD course is designed for experienced real estate professionals seeking to enhance their knowledge in trust account operations, legislative compliance, and best practices.
The course provides an in-depth review of relevant legislation, established controls, and common transaction errors, ensuring participants refine their skills in processing deposits and payments, maintaining and safeguarding trust account records, and improving their ability to manage trust accounts effectively and ethically.
1: Examine Trust Accounts
• Conduct an in-depth analysis of legislation governing the operation of trust accounts.
• Articulate the essential purpose of trust accounts in real estate.
• Explore and interpret regulatory requirements for operating trust accounts.
2: Identify Established Controls
• Clarify the roles and responsibilities of real estate personnel concerning trust account activities.
• Define the scope and limitations of your role in trust account activities.
• Analyze the licensee-in-charge's responsibilities, particularly regarding audits.
• Assess the impacts of inaccuracies and fraud on clients and the agency
3: Explain Common Inaccuracies
• Describe standard transactions in real estate trust accounts.
• Identify common inaccuracies and discuss processes to rectify these.
• Outline the mandatory monthly trust account processes required by legislation.
4: Adhere to Legislative Requirements
• Outline the various types and purposes of real estate trust accounts.
• Summarize personal obligations and legislative requirements for managing trust accounts.
5: Process Deposits and Payments
• Efficiently receive and process trust account payments.
• Prepare and manage banking documentation for depositing trust moneys.
• Accurately record all receipts and payments in the trust account cash journal and ledger.
6: Maintain and Protect Trust Account Records
• Balance and reconcile trust accounts accurately.
• Implement contingency procedures to address discrepancies.
• Prepare comprehensive records and statements of trust account transactions.
• Understand the process for handling unclaimed trust money.
• Maintain the security and integrity of trust account records.
Who should attend?
Ideal for those working across sectors including residential sales, auctions, property management, commercial, business broking, and buyer’s agency.
Inclusions
Certificate of Completion
CPD Type 1, OFT approved number QLDCPD20250008
Investment
$120 for 30 day access to online content
More information
A computer to access online learning materials.
Self-paced online course.
Expected time commitment 2-3 hours.
You’ll have 30 days of access to complete the course at your own pace. With interactive modules, downloadable resources, and targeted study materials, you’ll be equipped to apply what you learn directly to your professional practice.
$120 for 30-day access to online content.
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Why you should study with the REIQ
Expert Industry Trainers
Learn from the best. All our trainers have at least 15 years’ industry experience and still have highly successful careers in real estate. Now as teachers, they can pass on their industry expertise to you.
Reputation
As the peak body for real estate in Queensland, the REIQ is highly regarded by the industry and known for producing job-ready professionals. Real estate agencies are 60% more likely to hire REIQ graduates.
Graduate Membership
We offer FREE 12-month graduate membership to help you succeed during your first year in the industry. Graduate membership assists with a seamless transition from student to professional.
Graduate membership
Support
As an REIQ student, you'll receive FREE one-on-one student support sessions with our expert trainers during your studies to ensure you are supported every step of the way. You can also book private one-hour tutorials if needed (fees apply).
Industry Connections
REIQ students receive FREE career networking opportunities to meet with credible agencies. These events are a great opportunity to connect with industry professionals and potential employers in a casual environment.
Payment options
Maximum flexibility for you. Choose to pay your course upfront or enter into a payment plan.
Payment plans
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