Course Length: 3 Hours
CE Credit: Trust Funds
After your purchase is complete, you may access your Online Education course(s) by visiting www. onlineed.com/car
You will have up to ONE (1) year from the date of purchase to access and complete this course.
Also part of Ed-Pak 45
This course is designed to give the licensee a comprehensive understanding of California law relating to the handling of client trust funds. The concept of trust funds is discussed along with the rules and regulations relating to the handling of such trust funds. Specific attention is focused on the trust fund account and the liability associated with managing the account. Particular attention is placed on trust fund violations relating to commingling and trust fund conversion. A detailed discussion of the various types of permitted trust fund accounting records is presented along with suggested good record keeping procedures. Since the majority of BRE audit violations relate to trust funds, a great deal of attention is focused on the BRE audit and the possible penalties for violation of the California Real Estate Law and the Commissioner's Regulations relating to trust funds. Finally, the student is presented with a series of trust fund transactions in the form of a case study. The case study outlines the various steps in properly recording the trust fund transactions and demonstrates how the transactions are entered on BRE columnar system forms. Once a student has completed this course, a working knowledge of trust fund handling and record keeping requirements will assist the student in staying in compliance with the California trust funds laws.
The course contains 3 hours of reading material. The course is divided into several segments with review quizzes at the end of each segment. At the end of the course, a final examination is required. The final examination consists of 15 questions. A test score of 70% or greater is required for course completion. The final examination is not downloadable or printable. BRE requirements allow for ONE re-take of a failed final exam. A second failure will result in a failing score for the entire course and it must be purchased again for credit.
BRE Disclaimer Statement
This course is approved for continuing education credit by the California Bureau of Real Estate. However, this approval does not constitute an endorsement of the views or opinions which are expressed by the course sponsor, instructor, authors or lecturers.