CPPREP4125 Transact in Trust Accounts specifies the skills and knowledge required to conduct transactions in real estate trust accounts.
It includes identifying the purpose and types of property trust accounts, applying agency controls to transactions in property trust accounts for specific purposes, balancing, reconciling and reporting on trust account transactions, and maintaining records of trust account transactions.
The unit applies to people currently working in or seeking to work in real estate in a capacity that requires them to transact in trust accounts.
This cluster will cover the following key points:
- Adhere to legislative requirements
- Process deposits
- Process payment, fees and charges
- Maintain and protect trust account records
For further information on the unit (s) please visit the following links
This training contributes to the development of competence in CPPREP4125 Transact in Trust Accounts, which forms part of the nationally recognised qualification CPP41419 Certificate IV in Real Estate Practice.