This unit specifies the skills and knowledge required to work with real estate trust accounts within established agency controls. This unit applies to people currently working in or seeking to work in the real estate industry.

State or territory licensing requirements may apply to this unit which is a core topic for the qualification CPP41419 Certificate IV in Real Estate Practice.

At the end of this unit, you will be able to:

• Examine trust accounts

• Identify established controls applicable to real estate trust account transactions

• Explain common inaccuracies in trust account transactions.