Acquiring Expertise in Trust Account Management

This course is designed for experienced real estate professionals seeking to enhance their knowledge in trust account operations, legislative compliance, and best practices. It provides an in-depth review of relevant legislation, established controls, and common transaction errors to refine participants' skills in processing deposits and payments. Participants will improve their ability to maintain and safeguard trust account records while managing trust accounts effectively and ethically.

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.

• 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

• 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.

• Outline the various types and purposes of real estate trust accounts.
• Summarize personal obligations and legislative requirements for managing trust accounts.

• 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.

• 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.

• Residential Sales
• Auctioneers
• Property Manager
• Commercial
• Business Broker
• Buyers agent

On completion of this program, participants will be able to:

• QLDCPD20250008

• Type 1

• 1. Examine Trust Accounts
• 2. Identify Established Controls
• 3. Explain Common Inaccuracies
• 4. Adhere to Legislative Requirements
• 5. Process Deposits and Payments
• 6. Maintain and Protect Trust Account Records

This self-paced online CPD course – Acquiring Expertise in Trust Account Management– offers a focused, practical overview of key areas of real estate practice. Designed to support property professionals in their day-to-day responsibilities, the course provides expert insights and practical tools to enhance your knowledge and performance.
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.