A broker who manages property for clients, who accepts a security deposit, or who collects rent or disburses money, is required to maintain a trust account for that money...the broker is responsible for properly handling money deposited into a trust account...In California, the Bureau of Real Estate reported 34 trust fund handling related enforcement actions in February alone. We try to make it as easy as possible for you to be compliant. Try Rentables for Free and see just how easy it can be to keep your trust account balanced and reconciled.
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A broker that maintains property for customers, receives a security deposit, collects rent, or disburses money is obligated to have a trust account for that money...the broker is accountable best massage center karachi for managing money put into a trust account correctly.
ReplyDeleteReal estate commissioners in several states, including Texas and California, are intensifying scrutiny on property managers regarding trust fund handling. Brokers managing client properties must maintain a trust account for funds like security deposits and rent, with strict regulations in place.
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