#PSBA2002

Why Trust Accounting Should Be a Specialised Qualification

2019-07-08T06:30:18+10:00

This week saw the announcement that NSW Fair Trading are conducting a review on the property industry training standards. About time, we say! In particular we would like to see some reform around who is qualified to manage trust accounts and here's why; In a world where scammers try to trick you, it is difficult to trust just anyone. Clients entrust ... read more >>

Why Trust Accounting Should Be a Specialised Qualification2019-07-08T06:30:18+10:00

Do You Pass The Audit File Test?

2019-07-08T06:48:43+10:00

Are you aware of the documents required to be kept in your Real Estate audit file? Contrary to popular belief, the audit file is not your monthly trust accounting records, although they will be something required to be sighted by your auditor, an audit file directly relates to the documents that facilitate the setting up and statutory obligations in meeting the trust accounting ... read more >>

Do You Pass The Audit File Test?2019-07-08T06:48:43+10:00

Failures of Section 115 of the Property Stock & Business Agents Act 2002

2019-07-08T06:50:20+10:00

Section 115 of the PSBA Act 2002 Yawn. Your eyes glaze at the mention of legislation. Everyones least favourite topic. However some of you may appreciate and share my frustrations in this Section of the PSBA Act after reading this article. I'm of the opinion that recent changes to this part of the legislation have opened a floodgate for compliance ... read more >>

Failures of Section 115 of the Property Stock & Business Agents Act 20022019-07-08T06:50:20+10:00

Overdrawn Trust Accounts – Notify or Face the Fine!

2019-07-08T06:54:16+10:00

The idea of an overdrawn trust account is is amusing to some agents.  It seems odd that a trust account can become overdrawn given the level of funds sitting in the trust account at any one time. How Does an Overdrawn Trust Account Happen? So just how is it possible you may ask? There are many ways that a trust ... read more >>

Overdrawn Trust Accounts – Notify or Face the Fine!2019-07-08T06:54:16+10:00

7 Things to Consider When Selecting the Right Bank for Running Your Real Estate Trust Accounts

2019-07-08T06:59:55+10:00

Are you a startup Real Estate office looking for the right bank to open your trust accounts with? Or are you an existing Real Estate office and considering switching banks? This post discusses the considerations that need to be made when selecting the right bank for running the trust account. Our Top 7 Banking Considerations There are many things to consider when selecting ... read more >>

7 Things to Consider When Selecting the Right Bank for Running Your Real Estate Trust Accounts2019-07-08T06:59:55+10:00

Licensee Holidays: Can You Properly Supervise Your Real Estate Office from Overseas?

2019-07-08T07:00:37+10:00

You’ve been dreaming of that long awaited overseas holiday for some time now. What is holding you back? Is it the Trust Accounting aspect of the business or is the whole thought of being away from the office too much to bear? Licensee Holiday - What is That? Most Licensees we speak with have been unable to take a holiday from ... read more >>

Licensee Holidays: Can You Properly Supervise Your Real Estate Office from Overseas?2019-07-08T07:00:37+10:00

Surviving a Random NSW Fair Trading Inspection: 10 Things You Need to Put In Place

2019-07-08T07:01:20+10:00

Wouldn’t it be lovely to receive notification from the NSW Fair Trading Office that your Real Estate agency was undergoing an audit? It would give you time to ensure documents were up to date, training completed and trust accounts reconciled! NSW Fair Trading doesn’t give you a heads up as many agencies have found over recent weeks.  In recent articles ... read more >>

Surviving a Random NSW Fair Trading Inspection: 10 Things You Need to Put In Place2019-07-08T07:01:20+10:00

10 Questions to Ask When Considering a Trust Accounting Software Provider

2019-07-08T07:05:12+10:00

Are you new to the Real Estate industry and looking for the right trust accounting software or have you ever questioned if the software you’re currently running is the best software for you? This month’s blog posts are all about technology and how it relates to running the trust account. Having the right technology in place is imperative. The functionality ... read more >>

10 Questions to Ask When Considering a Trust Accounting Software Provider2019-07-08T07:05:12+10:00
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