Colorado Record Keeping & Trust Accounts

Real Estate License Course Details

This course covers the proper record keeping procedures required by the Real Estate Commission to maintain and account for funds belonging to others.

The standards a real estate broker must follow for the handling of the funds which belong to others are rigid. All brokers must follow the same procedures and methodology. Most brokers handling large funds will want to consider proper accounting software or the advice and counsel of a competent accountant.

For those brokers considering becoming employing brokers and/or property managers, the strict adherence to the rules is critical. We open this course with a review of both the Commission Position on Competency and their posting on recordkeeping.

Learning Objectives

By the end of this course, you will be able to:

  • Discuss the importance of REC Rules
  • Identify the special areas of concerns
  • Follow accounting procedures in real estate transaction

 



Purchase this Course