Understand the ins and outs of trust accounts and your obligations.
In this four-day course, you’ll learn the essential legislative requirements to successfully conduct a clean and safe audit of your trust account.
You’ll also find out what the fines are for not complying with trust accounting legislation and the requisite procedures, and who is responsible for the accurate recording of all trust accounting transactions. Techniques for recording trust accounting transactions, along with some hands-on experience, will also be shared.
What you'll learn
When you successfully complete this course, along with the in and out of class assessments, you will gain a Statement of Attainment for the unit stated below.
- CPPDSM4006A – Establish and manage agency trust accounts
This unit of competency forms part of the CPP40307 Certificate IV in Property Services (Real Estate) qualification.
Who should attend?
This course is suitable for:
- Individuals who have recently completed a certificate of registration course and are interested in working as a property manager, bookkeeper or office manager.
- Agents who want to understand trust accounting in detail and how it impacts upon agency practice.
- Any agent who wants to refresh their knowledge of practices, procedures and legislative obligations as required for a Real Estate Licence.
Prior to attending this course, you must complete a certificate of registration course.
Assessment activities are provided on a per course basis. Learners are required to complete an in-class trust accounting exam. Learners will be provided with a practice exam, allowing them to utilise the trainer to ensure they are prepared for the actual exam. Learners are also required to complete an out-of-class assessment where they should expect to spend 1-3 hours in order to complete the assessment. This time is provided as an indication only, as it will vary from learner to learner depending on skills and knowledge.
Throughout the duration of Trust Accounting, and after completion of the course, REINSW expert trainers and assessors are available to provide support to learners should they require assistance with any part of their learning.
The assessment marking process takes four weeks from the date an assessment is received by REINSW. This timeframe is made up of two weeks marking time plus two weeks administrative processing. In most instances, results are released inside of this timeframe.
Learners are welcome to contact REINSW Training after three weeks to verbally gain their assessment result.
Recognition for Prior Learning
REINSW offers Recognition for Prior Learning (RPL). RPL requires learners to undertake a series of assessments for a qualification or units of competency. These are aligned to an individual’s previous learning and are deemed equivalent to the learning outcomes of the components of the qualification or unit(s) of competency, being obtained through this process.
RPL is a complex and rigorous assessment method. REINSW recommends this assessment method be investigated as an option for individuals who are currently working in the real estate industry or hold current qualifications or units of competency relating to the real estate industry. REINSW requires individuals who are producing evidence for this assessment method, to provide current evidence. Under REINSW's RPL policy, current evidence must be within 12 months and all evidence supplied must meet current industry standards.
For information on RPL please email email@example.com.