This concludes Chapter 24. Below is a brief summary which you can review before you take your chapter quiz.
Trust funds are money or other things of value received by the broker on the part of another person. Non-trust funds (real estate commissions, general operating funds, rents and deposits) are NOT subject to the California Real Estate Law or the DRE Commissioner’s Regulations.
Handling the Trust Funds:
This money MUST BE DEPOSITED within 3 business days following receipt of the funds (except for checks).
If a broker accepts a check (or promissory note) as an earnest money deposit:
California Trust Fund Regulations
Commingling: mixing a client's money with the agent's personal funds is ILLEGAL. Conversion: unlawful misappropriation and use of a client's funds by a licensee. Has heavy criminal penalties.
Advance Fees for a Loan Secured by Lien on Real Property: it is illegal for anyone to claim for an advance fee for:
No. | Subject | Date | Views |
---|---|---|---|
Notice | 부동산 용어사전 | 2019.04.15 | 2084 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1336 |
321 | Real Estate Law 77 | 2019.05.13 | 98 |
320 | Real Estate Law 76 | 2019.05.13 | 92 |
319 | Real Estate Law 75 | 2019.05.13 | 115 |
318 | Real Estate Law 74 | 2019.05.13 | 100 |
317 | Real Estate Law 73 | 2019.05.13 | 77 |
316 | Real Estate Law 72 | 2019.05.13 | 83 |
315 | Real Estate Law 71 | 2019.05.13 | 88 |
314 | Real Estate Law 70 | 2019.05.13 | 103 |
313 | Real Estate Law 69 | 2019.05.13 | 144 |
312 | Quiz 10 | 2019.05.12 | 8839 |
311 | Review Chapter 10 | 2019.05.12 | 141 |
310 | Real Estate Law 68 | 2019.05.12 | 115 |
309 | Real Estate Law 67 | 2019.05.12 | 103 |
308 | Real Estate Law 66 | 2019.05.12 | 89 |
307 | Real Estate Law 65 | 2019.05.12 | 92 |
306 | Real Estate Law 64 | 2019.05.12 | 147 |
305 | Real Estate Law 63 | 2019.05.12 | 95 |
304 | Real Estate Law 62 | 2019.05.12 | 159 |
303 | Quiz 9 | 2019.05.11 | 7147 |
302 | Real Estate Law 61 | 2019.05.11 | 116 |
301 | Real Estate Law 60 | 2019.05.11 | 83 |
300 | Real Estate Law 59 | 2019.05.11 | 98 |
299 | Real Estate Law 58 | 2019.05.11 | 105 |
298 | Real Estate Law 57 | 2019.05.11 | 273 |
297 | Real Estate Law 56 | 2019.05.11 | 147 |
296 | Real Estate Law 55 | 2019.05.11 | 92 |
295 | Real Estate Law 54 | 2019.05.11 | 111 |
294 | Quiz 8 | 2019.05.10 | 11442 |
293 | Real Estate Law 53 | 2019.05.10 | 783 |
292 | Real Estate Law 52 | 2019.05.10 | 96 |