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 | 2083 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1335 |
351 | Real Estate Law 100 | 2019.05.16 | 353 |
350 | Real Estate Law 99 | 2019.05.16 | 92 |
349 | Real Estate Law 98 | 2019.05.16 | 86 |
348 | Real Estate Law 97 | 2019.05.16 | 76 |
347 | Real Estate Law 96 | 2019.05.16 | 75 |
346 | Real Estate Law 95 | 2019.05.16 | 472 |
345 | Real Estate Law 94 | 2019.05.16 | 73 |
344 | Quiz 13 | 2019.05.16 | 7291 |
343 | Chapter 13 Conclusion | 2019.05.16 | 375 |
342 | Real Estate Law 93 | 2019.05.16 | 88 |
341 | Real Estate Law 92 | 2019.05.16 | 79 |
340 | Real Estate Law 91 | 2019.05.16 | 989 |
339 | Real Estate Law 90 | 2019.05.16 | 133 |
338 | Real Estate Law 89 | 2019.05.16 | 65 |
337 | Real Estate Law 88 | 2019.05.15 | 103 |
336 | Real Estate Law 87 | 2019.05.15 | 147 |
335 | Real Estate Law 86 | 2019.05.15 | 108 |
334 | accrued expenses 미지급비용 | 2019.05.15 | 100 |
333 | Quiz 12 Corrections | 2019.05.15 | 382 |
332 | Quiz 12 | 2019.05.15 | 8857 |
331 | Real Estate Law 85 | 2019.05.15 | 98 |
330 | Real Estate Law 84 | 2019.05.15 | 110 |
329 | Real Estate Law 83 | 2019.05.15 | 103 |
328 | Real Estate Law 82 | 2019.05.15 | 89 |
327 | Real Estate Law 81 | 2019.05.15 | 90 |
326 | Real Estate Law 80 | 2019.05.15 | 93 |
325 | Real Estate Law 79 | 2019.05.14 | 109 |
324 | Real Estate Law 78 | 2019.05.14 | 111 |
323 | Quiz 11 | 2019.05.13 | 7468 |
322 | Review Chapter 11 | 2019.05.13 | 894 |