Assessor Resource
CPPREP4125
Transact in trust accounts
Assessment tool
Version 1.0
Issue Date: May 2024
This unit specifies the skills and knowledge required to conduct transactions in real estate trust accounts.
It includes identifying the purpose and types of property trust accounts, applying agency controls to transactions in property trust accounts for specific purposes, balancing, reconciling and reporting on trust account transactions, and maintaining records of trust account transactions.
The unit applies to people currently working in or seeking to work in real estate in a capacity that requires them to transact in trust accounts.
State or territory licensing requirements may apply to this unit.
You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)