California Trust Fund Handling
Real estate professionals act as intermediaries in the transfer of funds entrusted by consumers in real estate transactions.
This course covers processes and requirements involved in managing and accounting for trust funds, what you are required to do with funds entrusted to you, and how to ensure the funds are handled properly.
Course highlights:
- Account requirements for California trust funds
- Recording deposits and withdrawals
- Mismanagement of trust funds, liability and penalties
- Hands-on practice recording trust fund transactions
- Reconciliation process
- Preparing for an audit
- Activities and scenarios to reinforce key concepts
State Requirements For California
California State Requirement Details for Real Estate Continuing Education
Renewal Date: Every four years
Hours Required: 45 hours
Real estate salespersons renewing an original license for the first time, must complete 45 clock hours of DRE-approved continuing education consisting of:
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Four separate 3-hour courses in the following subjects: ethics, agency, trust fund handling, and risk management
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3-hour Fair Housing course which must including an interactive participatory component
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2-hour Implicit Bias Training course
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18 hours of consumer protection courses
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The remaining clock hours to complete the 45 hours of continuing education may be related to either consumer service or consumer protection courses.
California Department of Real Estate
Street Address: 651 Bannon Street, Suite 500, Sacramento, CA 95811
Telephone: 877-373-4542
Contact California Dept. of Real Estate
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