Establish and monitor property industry trust account management practices RESOURCE - https://vsubscriberresources.s3.amazonaws.com/614afc41ed6d3.pdf TRUST ACCOUNT 1

You (the learner) to monitor and manage a trust account You have been assigned a job to monitor and manage a trust account of a person who intends to build a commercial project (a shopping mall) in the middle of the city. You are required to submit a report incorporating the legislative requirements (for example, acquiring a licence to open a trust account etc.), risks associated with the operation of real estate trust account, strategies to control the risks, plan to control the fraudulent activities associated with the real estate trust account. You are also required to discuss the importance of internal and external audits reconciliation. Use this template to record details of the process.
Learner Name
Agency name
Commencement date
Completion date
What resources will be needed
What other stakeholders will be involved
What legal/industry requirements are relevant to this process (for example, are national privacy principles)
Were any of the following undertaken? (If so, provide details)
What process did you use to clarify client and process requirements
How did you confirm the validity of client intentions and information??
What research did you undertake?
Analysis of existing documentation, all materials
Seeking advice from a legal officer, government representative, industry representative, or other relevant person/s
Provide details of the planning an image and implementation for the process you undertook for this application
What were the outcomes/findings of the process?
What recommendations will be made as a result of processing the application?
Based on your conclusions, what recommendations would you make to your organisation to ensure future compliance and ethical operation?
Recommendations:
Your name		Date
Your Signature

tRUST ACCOUNT 2

You (the learner) to monitor and manage a trust account You have been assigned a job to monitor and manage a trust account of an individual who is intending to invest in market shares. The person is involved in the construction business and has decided to invest a percentage of revenue of construction in market shares from the same property trust account. You are required to submit a report incorporating the legislative requirements, risks associated with the operation of the real estate trust account, strategies to control the risks, plan to control the fraudulent activities associated with the real estate trust account. You are also required to discuss the importance of internal and external audits reconciliation. Use this template to record details of the process.
Learner Name
Agency name
Commencement date
Completion date
What resources will be needed
What other stakeholders will be involved
What legal/industry requirements are relevant to this process (for example, are national privacy principles)
Were any of the following undertaken? (If so, provide details)
What process did you use to clarify client and process requirements
How did you confirm the validity of client intentions and information??
What research did you undertake?
Analysis of existing documentation, all materials
Seeking advice from a legal officer, government representative, industry representative, or other relevant person/s
Provide details of the planning an image and implementation for the process you undertook for this application
What were the outcomes/findings of the process?
What recommendations will be made as a result of processing the application?
Based on your conclusions, what recommendations would you make to your organisation to ensure future compliance and ethical operation?
Recommendations:
Your name		Date
Your Signature

tRUST ACCOUNT 3

You (the learner) to monitor and manage a trust account You have been assigned a job to monitor and manage a trust account of a firm that is into the construction business. The firm is currently engaged in building a hospital and getting all funds regarding construction from the government. You are required to submit a report incorporating the legislative requirements (for example, acquiring a licence to open a trust account etc.), risks associated with the operation of real estate trust account, strategies to control the risks, plan to control the fraudulent activities associated with the real estate trust account. You are also required to discuss the importance of internal and external audits reconciliation. Use this template to record details of the process.
Learner Name
Agency name
Commencement date
Completion date
What resources will be needed
What other stakeholders will be involved
What legal/industry requirements are relevant to this process (for example are national privacy principles)
Were any of the following undertaken? (If so provide details)
What process did you use to clarify client and process requirements
How did you confirm the validity of client intentions and information??
What research did you undertake?
Analysis of existing documentation, all materials
Seeking advice from a legal officer, government representative, industry representative, or other relevant person/s
Provide details of the planning an image and implementation for the process you undertook for this application
What were the outcomes/findings of the process?
What recommendations will be made as a result of processing the application?
Based on your conclusions, what recommendations would you make to your organisation to ensure future compliance and ethical operation?
Recommendations:
Your name		Date
Your Signature