Question
Please Answer base on Australian capital Territory 1.TRUST TRANSACTION: Buyer pays a 10% deposit on a $800,000 property for sale via a bank cheque. Q.:
Please Answer base on Australian capital Territory
1.TRUST TRANSACTION: Buyer pays a 10% deposit on a $800,000 property for sale via a bank cheque.
Q.: What is the amount of trust money involved?
Q.: Is this a Deposit or Withdrawal from the agency trust account?
Q.: What staff member/s within the agency would be involved in this transaction?
2.TRUST TRANSACTION: Vendor pays their $4,700 marketing and advertising in advance.
Q.: What is the amount of trust money involved?
Q.: Is this a Deposit or Withdrawal from the agency trust account?
Q.: What staff member/s within the agency would be involved in this transaction?
3.TRUST TRANSACTION: Tenant is paying $450 per week rent. Tenant pays the agent two weeks rent in advance by direct debit from their bank account.
Q.:What is the amount of trust money involved?
Q.:Is this a Deposit or Withdrawal from the agency trust account?
Q.:What staff member/s within the agency would be involved in this transaction?
4.TRUST TRANSACTION: Above tenant has paid the agent their rental bond via a bank cheque. Rental bond is equivalent to 4 weeks rent. Agent now needs to send the bond to the Rental Bond Board.
Q.:What is the amount of trust money involved?
Q.:Is this a Deposit or Withdrawal from the agency trust account?
Q.:What staff member/s within the agency would be involved in this transaction?
5.TRUST TRANSACTION: Managing agent pays $375.85 in council rates on behalf of the landlord from the rent received from the tenant.
Q.:What is the amount of trust money involved?
Q.:Is this a Deposit or Withdrawal from the agency trust account?
Q.:What staff member/s within the agency would be involved in this transaction?
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