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#124170 - 05/30/06 06:40 AM Trust Fund Tips go here
Area Pro Realty Member Registered: 05/24/06 Posts: 284 Loc: California	Trust fund handling is a major issue for us brokers. Please place any tips for managing trust funds here. If you are in California, you can look at the DRE publication on trust funds using this link: http://www.dre.cahwnet.gov/pdf_docs/re13.pdf _________________________ Author of "How to Evaluate Real Estate Franchises" www.EvaluateREFranchise.com and host of Real Estate Agent Radio www.RealEstateAgentRadio.com
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#124171 - 05/30/06 01:05 PM Re: Trust Fund Tips go here
Paul Oaks Major Contributor Registered: 06/23/04 Posts: 3370 Loc: Central Illinois	Just what do you think is such a major issue when dealing with trust/escrow accounts? The rules are pretty black and white. Follow those simple rules and you will have no problems. _________________________ Paul Oaks Oaks Real Estate Group
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#124172 - 05/30/06 01:29 PM Re: Trust Fund Tips go here
Area Pro Realty Member Registered: 05/24/06 Posts: 284 Loc: California	Well, I was about to post an excel file which can keep a reconciled account up to date of each transaction. Yes it is simple, but just wanted to get an idea of how others keep track of it, especially in different states, sorry if I offended you in some way. _________________________ Author of "How to Evaluate Real Estate Franchises" www.EvaluateREFranchise.com and host of Real Estate Agent Radio www.RealEstateAgentRadio.com
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#124173 - 05/30/06 01:35 PM Re: Trust Fund Tips go here
Paul Oaks Major Contributor Registered: 06/23/04 Posts: 3370 Loc: Central Illinois	Offended? Not sure how you think I was offended? I am also a Title Agent and I just use Quickbooks as I do for the rest of my business. Works great. Quote: Originally posted by VM Group: Well, I was about to post an excel file which can keep a reconciled account up to date of each transaction. Yes it is simple, but just wanted to get an idea of how others keep track of it, especially in different states, sorry if I offended you in some way. _________________________ Paul Oaks Oaks Real Estate Group
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#124174 - 05/30/06 02:45 PM Re: Trust Fund Tips go here
Area Pro Realty Member Registered: 05/24/06 Posts: 284 Loc: California	That is a good tip. Do you do title work for the same clients you buy real estate through? If so, do you see any conflict of interest there? _________________________ Author of "How to Evaluate Real Estate Franchises" www.EvaluateREFranchise.com and host of Real Estate Agent Radio www.RealEstateAgentRadio.com
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