In an effort to assist licensees with trust account record-keeping skills, and to promote conscientious attitudes towards fiduciary responsibilities, the Real Estate Licensing Board developed a Trust Account Short Course which was presented between March 15th and April 15th. Administrative Director L. Ted Gayle and Trust Account Auditors Nancy Adams and Emmet Wood conducted the course 18 times in 10 cities throughout the state. 398 participants traveled over 19,000 miles to sit for the course and 314 firms from 120 cities were represented.

The course consisted of three sections: The first section was a 33 question quiz designed to test the knowledge of participants with regard to laws, rules, and regulations pertaining to trust accounts. The second section was a slide presentation showing the participant how to post records and balance to reconciled bank statements. And the third section was a practice set containing three months of typical real estate transactions which the participants actually worked through, Posting and balancing to reconciled bank statements at the end of each month.

Because of the favorable response to these courses, the Real Estate Licensing Board has decided to continue to make the course available. So, if you failed to take part in the first offering, there will be a future opportunity for you.