L. Ted Gayle, the Commission's Director of Audits, has developed an audio-visual presentation on the subject of trust fund accounting and recordkeeping.
The 20-minute program consists of a slide presentation depicting buyers' sellers and agents transacting real estate business and includes samples of the various forms used to track the receipt and disbursement of earnest money deposits, tenant security deposits, rents and other forms of trust funds. The slides are accompanied by a professionally recorded narrative automatically synchronized to the slide sequence.
The program was designed to be used in conjunction with the Trust Account Short Courses conducted by the Commission's auditing staff (See "Trust Account Short Course" this page). The Commission also hopes to make it available for use by REALTOR Boards and other industry organizations in the near future.
At the invitation of the National Association of Real Estate License Law Officials, Ted presented the program to the Association's District Meeting in Vermont. And the program was so well-received, Ted was asked to make a similar presentation at their National Meeting in October.
The Commission commends Ted for his special efforts in the development and production of this excellent program.