The Real Estate Commission's trust account auditing staff will again this year be taking its half-day Trust Account Short Course to various cities and towns across the state. ' Beginning in Greensboro on April 7, they will travel west stopping in Statesville, Asheville and Franklin.. Then on April 16, they will head east beginning in Fayetteville and crisscrossing to Wilmington and back to New Bern. These classes will be in addition to their monthly class in Raleigh.
Director of Audits L. Ted Gayle recently reported to the Commission that nearly 2,000 persons had attended the course since it began in 1982. Last year746 persons participated (a record! ) traveling an average of 132 miles to attend. Mr. Gayle and Trust Account Auditors Emmet R. Wood, CPA, and Nancy C. Adams, CPA, conduct the courses.
This free course is designed to bring participants up to date on current laws, rules and procedures governing the handling of client funds and to assist real estate firms in developing good recordkeeping practices. The course takes from three to four hours to complete, and upon completion, a certificate of participation is awarded.