From the desk of the Director of Audits and Investigations

Christopher B. Smith, CFE, CREI

Commission compiles list of property and homeowner association managers

The Commission wishes to thank the property managers and homeowner association managers who responded to its request and completed the forms provided in recent issues of the Bulletin. From these forms, the Commission has compiled the "Property Manager and Owners' Association Manager Mailing List."

If you are a property/homeowner association manager and your name does not appear on the list which starts on page 5, please complete the form at the bottom of page 6 and return it to the Commission office.

Commission evaluates software

Over the past several months, the Commission's Audits and Investigations staff has been evaluating real estate trust accounting software packages. Software vendors who were interested in participating in the Commission's study submitted sample packages for review.

Staff analyzed the samples for compliance with the License Law and Commission rules, including whether all bank deposits were identifiable by date, payor, and purpose of deposit; and whether all disbursements were identifiable by check number, date, payee and purpose.

Following is a list of those real estate software accounting packages that were found to meet the minimum License Law and rule requirements. (Please understand, however, that inclusion in the list does not ensure that the software package will meet your specific needs.)

If the software you are using does not appear in the. list, you may wish to contact your software vendor to determine whether it participated in the Commission's evaluation program. If the vendor did not participate and now wishes to do so, request the vendor to contact the Commission's Audits and Investigations Division at P.O. Box 17100, Raleigh, N.C. 27619-7100; (919)733-9580 ext. 6.