Equivalent to 5250 Practical Estate Agency Brokerage I and 5252 Practical Estate Agency Brokerage II. It is an advantage if students have a basic understanding of bookkeeping and financial accounting.
The course will provide students with a solid understanding of settlements and transactions involving properties, as well as knowledge and understanding of procedures and bookkeeping for clients’ funds. Students will learn to handle settlements for all types of property transactions which are handled by estate agents.
The course covers settlements and settlement arrangements, pro and contra, security bonds, mortgage rates, redemption of bonds, over-mortgaged properties, transfer of loans to new property, client accounts and interest calculations. The course includes bookkeeping and reporting rules for property transactions, filling out accounting books including the handling of clients’ funds.
Workshops, self-study and coursework.
Individual written examination, 5 hours.
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