Real Estate Regulation Quiz: Records, Books, and Trust Accounting

To keep and maintain up to date the prescribed registers and records

The agency

Send all the required information to the agency without delay

<p>Preserve, use, and maintain them up to date</p> Signup and view all the answers

<p>To list the numbers attributed by the licence holder to each real estate brokerage contract</p> Signup and view all the answers

<p>The address of the immovable or enterprise, and the date the contract was entered into with the broker</p> Signup and view all the answers

<p>The sum received in trust and the name of the broker who was awarded the transaction proposal</p> Signup and view all the answers

<p>Ascending order based on a series of consecutive numbers used only by the licence holder</p> Signup and view all the answers

<p>Including names of brokers acting for the agency for the performance of the contract</p> Signup and view all the answers

<p>The sum received in trust and the number of the broker’s or agency licence</p> Signup and view all the answers

<p>The numbers attributed to each transaction</p> Signup and view all the answers

<p>'All rights reserved' copyright statement</p> Signup and view all the answers

Signup and view all the answers

<p>The broker must send all the required information to the agency without delay</p> Signup and view all the answers

<p>Date, description, and value of the transaction</p> Signup and view all the answers

<p>Keeping and maintaining up-to-date the registers and records prescribed by the Chapter</p> Signup and view all the answers

<p>They should be kept for an indefinite period without any destruction or alteration</p> Signup and view all the answers

<p>To record the date when each contract was entered into with the broker</p> Signup and view all the answers

<p>Providing a series of consecutive numbers used only by the license holder for each transaction</p> Signup and view all the answers

<p>Documentation of the money received in trust as an advance on remuneration or costs</p> Signup and view all the answers

<p>Recording the name of the broker acting for the agency for each contract</p> Signup and view all the answers

<p>Both the broker and the agency share equal responsibility</p> Signup and view all the answers

<p>Documents related to disclosure notices required by section 18 of the Regulation</p> Signup and view all the answers

<p>The sum received in trust for each transaction</p> Signup and view all the answers

<p>The sum received in trust, where applicable</p> Signup and view all the answers

<p>Providing a series of consecutive numbers used only by the license holder for each transaction</p> Signup and view all the answers

<p>Documents related to disclosure notices required by section 18 of the Regulation</p> Signup and view all the answers

<p>In ascending order based on dates of contract entry</p> Signup and view all the answers

<p>Date on which each contract was entered into with the broker</p> Signup and view all the answers