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Assignment question sample of CPPREP4005 - Prepare to Work With Real Estate Trust Accounts

The sample CPPREP4005 introduces the fundamentals of real estate trust accounts, focusing on their purpose, legal requirements, and the role they play in protecting client funds. Students learn about legislative frameworks, agency responsibilities, and compliance processes before handling transactions.
 
  1. What is the main purpose of a real estate trust account?
    To securely hold client funds separately from the agency’s own money, ensuring transparency and compliance.
     
  2. Why is legislation important for trust accounts?
    It sets legal rules for handling funds, protecting clients and ensuring agencies act ethically.

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