What does this unit cover?
This unit specifies the skills and knowledge required to conduct transactions in real estate trust accounts. It includes identifying the purpose and types of property trust accounts, applying agency controls to transactions in property trust accounts for specific purposes, balancing, reconciling and reporting on trust account transactions, and maintaining records of trust account transactions. The unit applies to people currently working in or seeking to work in real estate in a capacity that requires them to transact in trust accounts. State or territory licensing requirements may apply to this unit.
The register record lists these elements of competency:
- 1. Adhere to legislative requirements.
- 2. Process deposits.
- 3. Process payment, fees and charges.
- 4. Maintain and protect trust account records.
How does CPPREP4125 fit CPP41419?
Release 3 (current since 2021-05-20): 5 core and 13 elective units. CPPREP4125 is recorded as an elective unit in the current packaging. The register usage recommendation is "Current" at release 1.
What should you check before enrolling?
This directory does not record which providers deliver CPPREP4125, and inclusion in the packaging rules does not mean every provider offers it. Before enrolling, ask your provider to confirm in writing that this unit is included in their CPP41419 delivery offering. State or territory licensing requirements may apply to this unit, so check the requirements for your intended role as well.