Property Management & Reconciliation Requirements

Description

This class is limited to 50 virtual seats. If it fills up, we’ll have a waiting list available for anyone interested.

Keep your clients’ trust (accounts) intact! Property management can be taxing—make reconciliation less daunting and more doable with this focused course on compliance and risk reduction!

Property Management and Reconciliation Requirements

This course is intended for licensed Oregon property managers, brokers, and principal brokers conducting property management. Once completed, the licensee will have a better understanding of their administrative and fiduciary responsibilities as described in Oregon Revised Statute chapter 696 and Oregon Administrative Rules chapter 863.

2-Hour Class

1. What are Clients’ Trust Accounts
   1. Why are they important?
   2. Your fiduciary responsibilities
2. Monthly Reconciliation
   1. Required Records
   2. Examples and Practice
3. Mandatory Clients’ Trust Account Reviews
   1. Process: Start to Finish
4. Staying Compliant
   1. Investigations
   2. Case Studies (Time permitting)

Instructor: Liz Hayes | Compliance Division Manager, Oregon Real Estate Agency

Note: Instructor cannot provide any legal guidance. Course material covers the requirements of ORS 696 and OAR 863 and are the minimum licensee obligations. Your company may have additional requirements outside of the minimum requirements discussed.