How password security-electronic tracking of transactions

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Reference no: EM133170230

Summarise the actions an Agent would need to take if they received an invoice for an emergency plumbing repair at a Landlord's property. The invoice is for an amount more than the amount specified in the Management agreement. The plumber has given 30 days to pay the account.

Summarise the actions the licensee would need to take if there were unclaimed funds in the trust account.

Explain how long and where a licensee is required to keep all trust account records. Include in your answer the correct section from the Property and Stock Agent Act 2002 and/or the Property and Stock Agent Regulations 2014 (NSW).

Discuss how password security and electronic tracking of transactions assist in the security and maintenance of the trust accounts.

Reference no: EM133170230

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