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What is the purpose of a trust account

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Reference no: EM132966452

This question is regarding the cert 4 in property services - real estate agent's representative

The answer needs to be as per rules and regulations of state -Victoria, Australia

a) What is the purpose of a trust account?

b) What are the main legislative controls on trust accounts?

c) Provide three examples of monies that must be kept in a trust account.

Reference no: EM132966452

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