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Real estate trust accounts in Wisconsin : a broker's guide to complying with state regulations

Conrad, Debra Peterson

Publication Details Click to collapse Cite/Export

  • Creator Debra Peterson Conrad, Scott C. Minter
  • Format Books
  • Contributors
  • Publication Madison, WI : University of Wisconsin Law School, 2010.
  • Physical Details
    • xi, 82 pages, 7 unnumbered pages : illustrations, forms, samples ; 26 cm
  • ISBNs 0910587442, 9780910587440
  • OCLC ocn785578128

Notes

  • Includes index.

Contents

  • Introduction -- What are trust funds -- Account requirements -- Handling trust deposits and disbursements -- Disbursing earnest money -- Property management trust funds -- The bookkeeping system -- Step 1 : the cash journal -- Step 2 : the ledger -- Steps 3, 4, and 5 : account reconciliation, trial balance, and validation of account -- Computerized trust accounting -- Trust account problem areas for the broker -- Who is responsible for handling trust account funds? -- Retaining trust account records -- A review of the legal requirements for trust accounts -- Appendix A. Trust account registration form -- Appendix B. WB-45 cancellation agreement and mutual release -- Appendix C. Wis. Stat. ss 452.13 -- Appendix D. Wis. Adm. Rules (Chs. 15 and 18) -- Appendix E. WB-11 standard offer to purchase
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