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REEB 25.023(3)(a)3.
3.
When is a trust account required.
REEB 25.023(3)(a)4.
4.
Registering a trust account.
REEB 25.023(3)(a)5.
5.
Procedure to open a trust account.
REEB 25.023(3)(a)6.
6.
Authorization to sign trust account checks.
REEB 25.023(3)(a)7.
7.
Depositing of trust funds.
REEB 25.023(3)(a)8.
8.
Disbursement of trust funds.
REEB 25.023(3)(a)9.
9.
Bookkeeping system.
REEB 25.023(3)(a)10.
10.
Closing a trust account.
REEB 25.023(3)(b)
(b)
Escrow agreement procedures, including all of the following:
REEB 25.023(3)(b)1.
1.
Escrows requiring separate escrow agreements.
REEB 25.023(3)(b)2.
2.
Pre-closing earnest money escrows.
REEB 25.023(3)(b)3.
3.
Post closing escrows.
REEB 25.023(3)(b)4.
4.
Escrows not requiring separate escrow agreements.
REEB 25.023(3)(b)5.
5.
Drafting escrow agreements.
REEB 25.023(3)(c)
(c)
Closing procedures, including all of the following:
REEB 25.023(3)(c)1.
1.
Licensees are not required by license law to perform closings.
REEB 25.023(3)(c)2.
2.
Choosing a closing statement.
REEB 25.023(3)(c)3.
3.
Closing preparation procedures.
REEB 25.023(3)(c)4.
4.
Setting a closing date.
REEB 25.023(3)(c)5.
5.
Preparing closing documentation.
REEB 25.023(3)(c)6.
6.
Closing procedures.
REEB 25.023(3)(c)7.
7.
Post closing procedures.
REEB 25.023(4)
(4)
Broker management and marketing.
Instruction relating to real estate broker management and marketing shall include all of the following:
REEB 25.023(4)(a)
(a)
The legal environment, including all of the following:
REEB 25.023(4)(a)1.
1.
Requirements for licensure.
REEB 25.023(4)(a)2.
2.
Liability concerns and risk reduction.
REEB 25.023(4)(b)
(b)
The business plan, including all of the following:
REEB 25.023(4)(b)1.
1.
Form of ownership.
REEB 25.023(4)(b)2.
2.
Start up.
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