A WA agency wants to move its commission on a sale from the trust account to its general account before the sale settles, to pay office rent. What does the handbook say?
Correct Answer
C) Fees should not be moved from trust until after settlement
Consumer Protection WA's handbook says fee entitlements should not be transferred from the trust account to the general account until after settlement. An agent must transfer entitlements to the general account before using them for operating expenses, and must not pay general or personal expenses directly from the trust account.
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