Home       Forms       Site Map       Contact Us

online REGISTRATION CONSUMER info REGISTRANT info EDUCATION our LEGISLATION COMMISSION info PUBLICATIONS DISCIPLINARY


Trust Account Reconciliation - In accordance with Section 614 of the Commission Bylaws, every brokerage must complete monthly trust account reconciliations.

EXAMPLE OF TRUST ACCOUNT RECONCILIATION
ABC REALTY LTD.
Real Estate Trust Account
Bank Reconciliation
July 31, Year
Balance per Bank Statement
          July 31, Year
Less: Outstanding Cheques
$ ___ 3,000.00____
- _______________
Add: Outstanding Deposits   _______________
+_______________
Reconciled Bank Balance
         July 31, Year
$     3,000.00           
ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ
Add: Amounts held in special
trust accounts:                 Year-004:  Miller to Green
                                         Year-005:  Folk to Toth
                                          Reconciled trust liability
     20,000.00
     15,000.00          

$   38,000.00           
ŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻŻ