VIC4125TP02Q03: A trust account disbursement has been requested in writing from a conveyancer acting on behalf of

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VIC4125TP02Q03: A trust account disbursement has been requested in writing from a conveyancer acting on behalf of the vendor in relation a settlement of a property your agency has sold. In the trust account ledger you hold $50,000 (paid by the purchaser by EFT) for the vendor. Settlement is booked in for next week. Your commission and expenses total $35,750.00.

What is the sum of money to be transferred to the conveyancer?

When should this payment be made?

To ensure adequate funds are in trust account before processing payment, identify any errors or any fraudulent activities that may have occured with the trust account. What must the person in control do before authorising this payment?

Posted Date: May 18, 2024 07:16 PM

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VIC4125TP02Q03: A trust account disbursement has been requested in writing from a conveyancer acting on behalf of

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