Trust Account and Fidelity Fund must be complied with so that you can retain compliance without which you may not trade as a property practitioner. This knowledge is required by The Estate Agents Affairs Board (EAAB) in their Intern Logbook PoE as well as by Services SSETA in the FET: NQF: Level 4: 59097: Real Estate qualification.
The Introduction to Trust Account & Fidelity Fund course is aimed at people who are entering the real estate space as well as property practitioners ongoing training. It is designed so that Principal Property Practitioners can use it to train their sales team in a face to face environment or remotely. Without this knowledge and guidance, a property practitioner may act out of scope and lose his licence to trade.
The course takes you through the requirements that are put in place to maintain compliance and then goes on to discuss penalties and sanctions that may be imposed by The Authority.
M1: Learner Guide