Business, 09.08.2021 06:40 dpchill5232

REAL ESTATE Course You are a sales assistant in a small suburban agency. Your franchise owner, 2 salespeople and
your property manager have all gone interstate for a 2 day conference. You and the
receptionist have been left to look after the office while they are away.

One of your new vendors comes into the office to pay the marketing expenses that he agreed
on the sales agency agreement. He has brought in $1750 in cash.

You do not want to make any mistakes, as you have heard that there are severe fines for not
dealing with clients' money correctly.

a) What sort of money is this?

b) Why can it not be banked into the agency's general account?

c) What are the requirements about issuing a receipt to the client?

d) What are the rules about banking this money?

e) What procedures would you put in place when taking the money to the bank to ensure its
and your own safety?

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REAL ESTATE Course You are a sales assistant in a small suburban agency. Your franchise owner, 2 sa...

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