Question

Select which two (2) of the following are the correct qualification/s required to receipt trust monies:

Select all that apply:

1, Agents' Representative registration/Certificate IV in Real Estate Practice

2, Agent's Licence/Diploma in Property (Agency Management)

3, Clerical Role/no real estate qualification

Answer 1

The proper qualifications to handle trust monies in real estate are an Agent's Licence/Diploma in Property (Agency Management) or Agents' Representative registration/Certificate IV in Real Estate Practice.

Step-by-step explanation:

The subject of the question pertains to the qualifications required for handling trust monies in the context of real estate practice. Trust monies refer to funds held in trust by a real estate agent or agency on behalf of the parties involved in a real estate transaction. The qualifications necessary for dealing with trust monies typically involve having a certain level of real estate education or licensure.

To directly answer the student's question, the correct qualifications required to receipt trust monies are:

1. Agent's Licence/Diploma in Property (Agency Management)
2. Agents' Representative registration/Certificate IV in Real Estate Practice

A clerical role with no real estate qualification is typically not sufficient to handle trust monies. Individuals in such roles may assist with the administrative aspects of managing trust accounts, but handling trust monies requires the detailed knowledge and responsibilities that come with a higher level of licensure or certification in real estate.