Question

Which three (3) of the following are the correct qualification/s required to receipt trust monies:

Select all that apply
a. Licence
b. Diploma
c. Certificate of Registration
d. Clerical Role/no real estate qualification

Answer 1

To receipt trust monies, individuals generally need a professional licence, a certificate of registration, or a diploma in a related field. Clerical roles without qualifications in real estate are usually not accepted. Therefore, the correct option is A,B,C.

Step-by-step explanation:

The qualifications required to receipt trust monies may vary depending on the jurisdiction, but generally, the individuals responsible for handling trust monies must have a certain level of professional certification or licensure. Typically, the options given that would be correct qualifications include:

• Licence: A professional licence in real estate is often necessary to handle trust monies, ensuring that the individual has the required knowledge and has been vetted by a licensing authority.
• Certificate of Registration: In some areas, having a certificate that registers the individual as a recognized practitioner in the field of real estate may be sufficient to receipt trust monies.
• Diploma: An official diploma in a related field like real estate, finance, or law might also be a prerequisite.

The option of having a clerical role with no real estate qualification is typically not accepted as a proper qualification for receipting trust monies, as specialized knowledge and authority are required to handle such funds.