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The Trust Account Debate

Wednesday, 01 December 2021
11am AEDT • 60 minutes
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The trust account has served the real estate industry and its clients for 100 years, but in today's digital age, with transformational payments technology available to all, is the trust account as relevant to the real estate industry as it once was? 

A swathe of recent stories about trust account theft, fraud and misappropriation have tarnished the reputation of the real estate industry and there's no doubt that this is a major cause of ire for the vast bulk of agents who operate in an ethical and responsible manner.

Join executive editor Phil Tarrant who'd discuss the key issues with our expert panel:

  • Have real estate transactions been left in the 20th Century?
  • Are rental payments via an agency trust account aligned with landlords' expectations in today's digital era?
  • What is the impact of frequent trust account misappropriation on the confidence of the customer (vendor / purchaser / landlord)? Can rogue agents ever be stopped from dipping into trust accounts?
  • Is the trust account STILL the safest way to hold and distribute real estate funds?

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