TRUST MONIES

What are trust monies?

• Monies entrusted to an estate agent in her/his capacity as an estate agent.
• The money collected/ received by an estate agent in respect of estate agency services e.g. deposits/rentals.
• The money collected or received by an estate agent and payable in respect of: Immovable property; Business undertaking; Building contract for the building or erection of any improvements on immovable property.