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What are Internal Controls, and do you have control in place for your real estate agency?
May 20
What are Internal Controls, and do you have control in place for your real estate agency?
By: Admin
As the Principal or the Licensee of your real estate agency, you want to make sure the right controls are in place to protect your business financially as well as to protect your reputation.You need to fulfill your obligation as the Principal or Licensee of your agency and make sure that your trust money is protected by segregating duties so that the person receiving the cash is different from the person recording the receipt of the cash into the accounting system.This is done to prevent theft by employees.You want your trust accounts records to be accurate and reliable. These internal controls ensure your business achieves its objectives.

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