REEB 25.02(2)(c)1.b. b. Trust funds definition.

REEB 25.02(2)(c)1.c. c. When is a trust account required.

REEB 25.02(2)(c)1.d. d. Procedure to open a trust account.

REEB 25.02(2)(c)1.e. e. Procedure to open an interest bearing trust account.

REEB 25.02(2)(c)1.f. f. Authorization to sign trust account checks.

REEB 25.02(2)(c)1.g. g. Deposit of trust funds.

REEB 25.02(2)(c)1.h. h. Disbursement of trust funds.

REEB 25.02(2)(c)1.i. i. Bookkeeping system.

REEB 25.02(2)(c)2. 2. Escrow agreement procedures.

REEB 25.02(2)(c)2.a. a. Escrows requiring separate escrow agreements.

REEB 25.02(2)(c)2.b. b. Pre-closing earnest money escrows.

REEB 25.02(2)(c)2.c. c. Post closing escrows.

REEB 25.02(2)(c)2.d. d. Escrows not requiring separate escrow agreements.

REEB 25.02(2)(c)2.e. e. Drafting escrow agreements.

REEB 25.02(2)(c)3. 3. Closing procedures.

REEB 25.02(2)(c)3.a. a. Licensees are not required by license law to perform closings.

REEB 25.02(2)(c)3.b. b. Choosing a closing statement.

REEB 25.02(2)(c)3.c. c. Closing preparation procedures.

REEB 25.02(2)(c)3.d. d. Setting a closing date.

REEB 25.02(2)(c)3.e. e. Preparing closing documentation.

REEB 25.02(2)(c)3.f. f. Closing procedures.

REEB 25.02(2)(c)3.g. g. Post closing procedures.

REEB 25.02(2)(d) (d) Business management and marketing.

REEB 25.02(2)(d)1. 1. The legal environment.

REEB 25.02(2)(d)1.a. a. Licensure.

REEB 25.02(2)(d)1.b. b. Legal concerns.

REEB 25.02(2)(d)1.c. c. Policy manual — s. REEB 17.08.

REEB 25.02(2)(d)2. 2. The business plan.

REEB 25.02(2)(d)2.a. a. Form of ownership.

REEB 25.02(2)(d)2.b. b. Start up.

REEB 25.02(2)(d)2.c. c. Capital budget.

REEB 25.02(2)(d)2.d. d. Operation budget.

REEB 25.02(2)(d)2.e. e. Marketing strategies.

REEB 25.02(2)(d)3. 3. Professional services.

REEB 25.02(2)(d)3.a. a. Attorneys.

REEB 25.02(2)(d)3.b. b. Accountants.

REEB 25.02(2)(d)4. 4. Operational policies.

REEB 25.02(2)(d)4.a. a. Policy and procedures manual.

REEB 25.02(2)(d)4.b. b. Independent contractors agreement.

REEB 25.02(2)(e) (e) Financial and office management.

REEB 25.02(2)(e)1. 1. Financial management.

REEB 25.02(2)(e)1.a. a. System of income and expense accounting.

REEB 25.02(2)(e)1.b. b. Forms used in all systems.

REEB 25.02(2)(e)1.c. c. Accounting for deposits.

REEB 25.02(2)(e)1.d. d. Accounting for payroll.

REEB 25.02(2)(e)1.e. e. General disbursements.

REEB 25.02(2)(e)1.f. f. Accounts used for handling funds.

REEB 25.02(2)(e)1.g. g. Bank reconciliations.

REEB 25.02(2)(e)1.h. h. Financial reports.

REEB 25.02(2)(e)2. 2. Budgeting.

REEB 25.02(2)(e)2.a. a. Definition of a budget.

REEB 25.02(2)(e)2.b. b. Purpose of the budget.

REEB 25.02(2)(e)2.c. c. Comparison of budget income and expenses.

REEB 25.02(2)(e)2.d. d. Preparing the budget.

REEB 25.02(2)(e)3. 3. Office management — ch. REEB 15.

REEB 25.02(2)(e)3.a. a. Retention of records.

REEB 25.02(2)(f) (f) Personnel.

REEB 25.02(2)(f)1. 1. Hiring.

REEB 25.02(2)(f)1.a. a. General criteria.

REEB 25.02(2)(f)1.b. b. Determining needs.

REEB 25.02(2)(f)1.c. c. Personnel selection.

REEB 25.02(2)(f)1.d. d. Equal opportunity.

REEB 25.02(2)(f)1.e. e. Workers' compensation.

REEB 25.02(2)(f)2. 2. Contracts.

REEB 25.02(2)(f)2.a. a. Employee.

REEB 25.02(2)(f)2.b. b. Independent contractor.

REEB 25.02(2)(f)3. 3. Policy manual.

REEB 25.02(2)(f)3.a. a. Purpose.

REEB 25.02(2)(f)3.b. b. Company history and philosophy.

REEB 25.02(2)(f)3.c. c. Development and implementation.

REEB 25.02(2)(f)3.d. d. Termination.

REEB 25.02(2)(f)4. 4. Training.

REEB 25.02(2)(f)5. 5. Licensure and supervision of employees — ch. REEB 17.

REEB 25.02(2)(g) (g) Business ethics.

REEB 25.02(2)(g)1. 1. Dealing with the public.

REEB 25.02(2)(g)1.a. a. Principal and agent relationship — s. REEB 24.025.

REEB 25.02 Note Note: Section REEB 24.025 was repealed eff. 5-1-12.

REEB 25.02(2)(g)1.b. b. Treating all parties fairly — s. REEB 24.025.

REEB 25.02 Note Note: Section REEB 24.025 was repealed eff. 5-1-12.

REEB 25.02(2)(g)1.c. c. Avoid discrimination — s. REEB 24.03 (1).

REEB 25.02(2)(g)1.d. d. Competence in area of service — s. REEB 24.03 (2).

REEB 25.02(2)(g)1.e. e. Legal counsel not to be discouraged — s. REEB 24.06.

REEB 25.02(2)(g)1.f. f. Tie-ins — s. REEB 24.075.

REEB 25.02(2)(g)1.g. g. Agreements in writing — s. REEB 24.08.

REEB 25.02(2)(g)1.h. h. Misleading market values — s. REEB 24.09.

REEB 25.02(2)(g)1.i. i. No net listings — s. REEB 24.10.

REEB 25.02(2)(g)2. 2. Advertising — s. REEB 24.04.

REEB 25.02(2)(g)2.a. a. False ads.

REEB 25.02(2)(g)2.b. b. Disclosure to the public.