Problem 1: Explain the purpose of trust accounts in real estate operations. Address the following areas in your explanation:
What is a trust account? (20-30 words)
Why must we have separate accounts for property sales and property management? (20-30 words)
Why can we not put that money in our general account? (30-50words)
Problem 2: What is the difference between sales trust money, property management trust money and general business trading money? Provide two examples for each type of trust money to support your analysis. (150 - 200 words)