Webinar: Property Management and Reconciliation Requirements-Client Trust Accounts
Multifamily NW Welcomes Liz Hayes, OREA (205)
Join Us Virtually
Event Details
This course is intended for licensed Oregon property managers. Once complete, the licensee will have a better understanding of their administrative and fiduciary responsibilities as described in Oregon Revised Statute 696 and Oregon Administrative Rule 863. This three-hour class will cover:
1. What are Clients’ Trust Accounts
a. Why are they important?
b. Your Fiduciary Responsibilities
2. Monthly Reconciliation
a. Required Records
b. Examples and Practice
3. Mandatory Clients’ Trust Account Reviews
a. Process: Start to Finish
4. Staying Compliant
a. Investigations
b. Case Studies (Time permitting)
Note: Instructor cannot provide any legal guidance. Course material covers the requirements of ORS 696 and OAR 863 and are the minimum licensee
obligations. Your company may have additional requirements outside of the minimum requirements discussed.
CEU's 2.0
Multifamily NW Welcomes
Liz Hayes,
Compliance Division Manager,
Oregon Real Estate Agency
Liz Hayes serves as the Compliance Division Manager at the Oregon Real Estate Agency. She has been with the Agency for nearly eight years, beginning her tenure in the Licensing and Education Division before transitioning to the Regulations Division, where she spent over two years as an investigator. In 2021, she was appointed to lead the newly established Compliance Division. Liz possesses a comprehensive knowledge of Agency rules and statutes, with expertise in property management and accounting requirements.
Prior to her tenure at the Agency, she held a broker license for 12 years, working at a brokerage that specialized in new construction sales and property management. In this role, she worked with property owners, tenants, and vendors, and managed the brokerage’s bookkeeping, including monthly reconciliations.
For More Information:
Sponsored By:
COURSE MATERIALS DISCLAIMER
The content, information, opinions, and viewpoints contained in these educational materials and the information contained in the instructor’s presentation (collectively the “Course Materials”) are those of the authors, contributors and/or instructors of such materials. While Multifamily NW (“MFNW”) takes reasonable care to screen the credentials of the instructors, authors and contributors, MFNW MAKES NO WARRANTY, EXPRESSED OR IMPLIED, as to the completeness or accuracy of the Course Materials. Persons who attend MFNW classes and/or read the Course Materials (“Users”), use the Course Materials at their own risk, and MFNW shall not be responsible for any errors, omissions, or inaccuracies in the Course Materials, whether arising through negligence, oversight, or otherwise. Also, laws change and MFNW has no duty to update the Course Materials. Reliance on the Course Materials is strictly at your own risk. The Course Materials are general in nature and not intended as legal advice. Even if specific fact situations are discussed in the Course Materials, and even if the instructor is an attorney, Users must retain their own legal counsel if they desire legal advice. MFNW specifically disclaims any warranties, express or implied, including implied warranties of merchantability or fitness for a particular purpose. The Course Materials are provided “AS IS” and it is the User’s job to evaluate the accuracy of any information contained therein. If a User is a property management professional, you should rely on your professional judgment in evaluating any and all Course Materials, and confirm the information contained in the Course Materials with other sources and your own legal counsel before undertaking any actions based on it. If you are not a management professional, you should evaluate the information together with your professional advisors.
Multifamily NW reserves the right to refuse registration/admittance to non-members.