Handling clients money

Question 1

what is the RICS Money handling procedure ?

Answer 1

RICS PROFESSIONAL STANDARDS- CLIENT MONEY 2019

Question 2

What counts as Client Money Handling

Answer 2

1. Holding client’s money
2. providing info to clients
3. Receipts for client money
4. payment from clients account /
   5Accounting records and control
5. compliance.

Question 3

what are the rules for handling client money

Answer 3

1. keep money in a separate account.
2. Client name on account
3. Give money to clients on request.
4. payment of interest agreed with the client beforehand.
5. Accounts to be kept in credit at all times
6. Two signatures are required.