What are trust monies?

  • Monies entrusted to an estate agent in her/his capacity as an estate agent.
  • The money collected/ received by an estate agent in respect of estate agency services e.g. deposits/rentals.
  • The money collected or received by an estate agent and payable in respect of: Immovable property; Business undertaking; Building contract for the building or erection of any improvements on immovable property.