WPC 0$xom _Uz,.?{#=~8zT}.Tr f\'RLPD^1<̚$GHڠ-XOM#S0IFIAlKWm( =ԋ@ӳdl:?u[0˘1ph$ey+%9T:zo3Ъ #؀>x=Ab?N37_dp)H{8O2ۥ+ZP6Xù}A˜- ]cGHZL4ΌW۶=bEv|;nRSo|5Xq#r[ WJ)"GG3m`UqU*)n^ ƐY(U0G;cE:h:my5K»<08l!;|;adb W j.ЪQǠ:  FCM> # UN % 0(w@G4E BHP DeskJet 550C PrinterDESKJETC ,,,, 0nLH(9 Z 6Times New Roman RegularX($ YZ[D\D]^_E`aDb$3|xb d !    PREPARINGAMONTHLYRECONCILIATIONSTATEMENTEXAMPLE @   TheFloridaRealEstateCommissionhasexpressedadesiretorequirerealestatebrokerexamineestoperformanescrowreconciliationonthebrokerstatelicenseexamination.ItisproposedthateventuallytheclosingstatementproblemONillNOPwillPbereplacedwithanescrowreconcilationproblem.WehavedevelopedQ,QwiththeassistanceoftheDivisionofRealEstateR,RasampleMonthlyReconcilationForm,samplereconcilationproblemandasetofmultiplechoicetestquestions.Pleaseincorporatethisproblemintoyourpresentationsonescrowaccounts.    S  SPREPARINGAMONTHLYRECONCILIATIONSTATEMENTEXAMPLESSR  RSunshineRealtymaintainsanescrowaccountatFloridawideNationalBank.TheescrowaccountnameisSunshineRealtyEscrowAccountandtheaccountnumberis10001229.Thebrokerhasreceivedthefollowingdeposits:  Deposits  *,XX<hXX*Buyer   ` Seller  < DateDeposit  L     `   < Received     p Amount  Remarks  8  A ) xdExA $  George ` Coleman < 22599     p $1,500  Pending   Doe   ` Grist  < 30199     p $500    Closed   Lamb   ` Gaines  < 31599     p $1,000  Closed  Porge   ` Root  < 32099     p $2,000  Closed W Belinda ` Mathre < 32599     p $1,000  Pending / Berry   ` Brown  < 33199     p $1,000  Pending W A ) xdExA C SunshineRealtyscheckregisterforthemonthofMarch,1999reflectsthefollowing:  CheckRegisterforMarch,1999  DateofCheck Check     `  Number <  h Payee     p Amount  Remarks v   A ) xdEa!xA b!! 31599 `  100 <  h ExecutiveTitle p $500    Doe/Grist ]"# 32899 `  101 <  h R.Wilson,Esquire p $1,000  Lamb/Gaines 5$% 33199 `  102 <  h CompleteTitle p $2,000  Porge/Root  &]!' A ) xdE&xA &I"( ThebankstatementbalancedatedMarch31,1999,showsanendingbalanceof$5,650.Thestatementindicatesthatcheck#100hascleared,however,checks#101and#102areoutstanding.ThebankstatementdoesnotreflectthedepositmadeonMarch31,1999.Thebrokermaintains$200ofpersonalfundsintheescrowaccounttocovermonthlyservicecharges.Thebrokerwaschargeda$25servicefeeandtherewasanadditionalchargeof$25fornewchecks.CompletetheMonthlyReconciliationStatementandthenanswerthemultiplechoicequestionsthatfollow. |-(0 <,X, <hX,XX<hX<1.  ThebrokerstotaltrustliabilityforthemonthendingMarch31,1999is:    A.  $3,500.    B.  $3,650.    C.  $5,650. t   D.  $7,000. ` 2.  ThebrokersadjustedaccountbalanceforthemonthendingMarch31,1999is: 8    A.  $3,000. $ t   B.  $3,500.  `   C.  $3,650.  L    D.  $5,650.  8  3.0     Thebrokerhasanetdifferencebetweentheadjustedaccountbalanceandthebrokerstrust   liabilityof: (#(#   A.  $0.     B.  $50.00.     C.  $150.00. p   D.  $200.00. \ 4.  Thebrokershouldreportashortageof: 4   A.  $0.  p   B.  $50.00.  \   C.  $150.00. H   D.  $200.00. 4 5.  Thebrokershouldreportandoverageof:     A.  $0.    B.  $150.00.    C.  $200.00.    D.  $1,000.00.  l   MONTHLYRECONCILIATIONSTATEMENTREALESTATEESCROW(TRUST)ACCOUNT   <,X` X,X, <hX<̜ 1.  GeneralEscrow(Trust)AccountInformation  t (,(#(#(? ,X` XX,X` X?  NameofBank    h  򀀀 L    AccountName    h  򀀀 8    AccountNumber    h p p 򀀀 $ t     ` ReconciliationforMonthof   : ~~0"򀀀 L  DateUsedforReconciliation   : 1"򀀀 8   BankStatementPeriod   : )"򀀀to򀀀 $ t    L  (,VV( 2.  BankReconciliation  $  (X(#(#(   OutstandingChecks        DepositsNotYetCreditedbyBank   C!Ke,X C @ Date<,X` X ,X` XX<@` @` @` @` @` @` @` @`    CheckNo.3` ` z hX,X` X3 󀀀  \ @ @ @ @ @ @ @   !   Amountu6" N X` ` z hX6********  ) Date&^6V^: X" N X6&^&^&^&^&^&^&^^^8^  2 Amount11111   \7  1  H8  1  49  1   :  < :Ke,` ` :<,X%XV^: X<  Endingbankstatementbalanceforstatementperiod:pp2p7  < 2$ < B,X%X,X%XB  Plusdepositsnotyetcreditedbybank:(-pp2p7-+$ l=   Minusoutstandingchecks:hh#h(-pp2p7TT0$ X >   Adjustedaccountbalance:hh#h(-pp2p72 $  D!?  B,hX%X,X%XB3.  ItemizedTrustLiability   #pA (X(#(#(   Client/TransactionName   $\B   h򀀀 $H C   h  h  h  h  h  hB,X%X,hX%XB0     Totalbrokerstrustliability(Addall l+&J depositsreceived,pendingandbeingheldbybrokerasofreconciliationdate)D-(L  B  X 05X,X%XB  Balance   $\L E  (#X 05X  X 05XE  2$ $H M   2$(#(#K(# %4!N   2$ & "O   2$ ' #P   2$ (#Q   2$ )$R   2$ *%S     2$(#(#K(# D-(V  E,X%X  (#X 05XE(X(4.  BrokersTrustLiabilityReconciliationComparison     Adjustedaccountbalance:hh#h(-pp2p7443$    Brokerstrustliability:hh#h(-pp2p7443$  М  NetDifference(ifapplicable)hh#h(-pp2p7443$ t     &Adjustedaccountbalanceandtrustliabilityagree. L    &Adjustedaccountbalanceandtrustliabilitydonotagree.(Completesectionbelow.) 8    Shortage:   `   Amountofshortage:hh#h(-pp2p7hh4$  L    Reasonforshortage(i.e.NSFcheck,servicecharge,etc.)  8    hh#h(-pp2p7򀀀 $    hh#h(-pp2p7     hh#h(-pp2p7     Correctiveactiontaken     hh#h(-pp2p7򀀀     hh#h(-pp2p7 p   hh#h(-pp2p7 \   Overage:  4   Amountofoverage:hh#h(-pp2p7hh4$  p 0     Reasonforoverage(i.e.Overageisduetodepositofbrokersownfunds,notexceeding  \ $200.00intoaccounttomaintaintheaccountincompliancewithRule61J214.010(2)) (#(#   hh#h(-pp2p7򀀀 4   hh#h(-pp2p7򀀀     hh#h(-pp2p7     Correctiveactiontaken  hh#h(-pp2p7򀀀    hh#h(-pp2p7    hh#h(-pp2p7 l   hh#h(-pp2p7 X  ?X%X,X%X? 5.  Signature  D! ̜0     I,򀀀,Broker,havereviewedthismonthlystatement/reconciliation #l! on򀀀,year򀀀.$X"(#(#   (-ll-p7 򀀀 %0!$   (-pp2p71BrokersSignature &"% <p%XX%X<  ?,X%Xp%X?    -pp2p  |*%)    MONTHLYRECONCILIATIONSTATEMENT  REALESTATEESCROW(TRUST)ACCOUNT   I<,X` X,X%X< 1.  GeneralEscrow(Trust)AccountInformation  t (,(#(#(? ,X` XX,X` X?  NameofBank    h h h FloridawideBank L    AccountName    h 8 8 SunshineRealtyEscrow 8    AccountNumber    h  10001229 $ t     ` ReconciliationforMonthof   : ;"March1999 L  DateUsedforReconciliation   : nn<"April1,19X9X99 8   BankStatementPeriod3/1/99󀀀to : . . B"3/31/99 $ t    L  (,VV( 2.  BankReconciliation  $  (X(#(#(   OutstandingChecks        DepositsNotYetCreditedbyBank   C!Ke,X C @ Date<,X` X ,X` XX<@` @` @` @` @` @` @` @`    CheckNo.@  101 򀀀3` ` z hX,X` X3  \  @  102 򀀀 L @ @ @ @ @ @  " PO  AmountFS6" N X` ` z hX6* $1,000 򀀈 \# * $2,000 򀀈 L$ ****** + Date+^ 3/31/99 򀀀 \, 6V^: X" N X6&^&^&^&^&^&^&^^^8^ 4 Amount5 $1,000 򀀀 \5 1111  `9  1  L:  1  8;  1  $<  > :Ke,` ` :<,X%XV^: X<  Endingbankstatementbalanceforstatementperiod:pp2p7  < 6$5,650 > B,X%X,X%XB  Plusdepositsnotyetcreditedbybank:(-pp2p71+$1,000 t?   Minusoutstandingchecks:hh#h(-pp2p7dd4$3,000 ` @   Adjustedaccountbalance:hh#h(-pp2p76 $ 3,650 򀀀  L!A  B,hX%X,X%XB3.  ItemizedTrustLiability  (#xC (X(#(#(   Client/TransactionName  $dD   򀀀George/Coleman %P E   hBelinda/Mathre  hBerry/Brown  h  h  h  hB,X%X,hX%XB0     Totalbrokerstrustliability(Addall t+&L depositsreceived,pendingandbeingheldbybrokerasofreconciliationdate)L-(N  B  X 05X,X%XB  Balance  $dN E  (#X 05X  X 05XE  5$1,500 %P O   5$1,000(#(#K(# %