Description: Richard Bowen, CPA of Bowen Accounting has been operating in Bakersfield CA since 1999. Specializing in small business accounting and personal finance.
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While I have been working with property management and real estate companies for several years, I am not a real estate agent or broker. I have done all of the studying required to become a broker, but have not taken the tests to receive my license because it would put me in competition with many of my clients. This would also likely create a conflict of interest that would affect my CPA licensing. While I am knowledgeable on the subject and will cite rules and regulation it is important for you to do your o
One of the many resources that I am using to write this article is the California Department of Real Estate Commissioner Regulations . Specifically, sections 2831, and 2832 referring to trust account reconciliation, trust fund handling, and documentation.