Real Estate Agent Audits | Costs & Process

 Costs

The cost of your real estate audit is dependent on:

• How clean your books are is the most important factor in determining how long a job will take and thus how much it will cost.
• After a few bad experiences we have started to remind new clients up front that if you cannot easily extract reports for us showing whose money is whose in your trust account at any one time then we won’t be able to either! We had one agent complain that she spent days trying to figure out whose money she had at the end of the month… as if the fact she couldn’t figure out something that fundamental to a trust account without days of effort was the auditor’s fault. Needless to say, she failed her audit.
• How many transactions have you put through your trust account? During an audit we need to audit a material number of transactions. That means the more transactions that you have put through a trust account the more it will cost us in time to go through and provide a comprehensive audit.
• For very small audits, the fees start at $600+GST; for larger audits it will be over a grand.
• We also give discounts on trust account audits for clients with large amounts of work with the firm.