Accounting for Real Estate Brokerages (CPE Course)

CPE Credit: 1 hour

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $15

Course Description
There are several unique accounting issues for real estate brokerages, including the accounting for commissions and referrals, multiple listing service fees, and shared space and services. In the Accounting for Real Estate Brokerages course, we show how to account for these transactions and much more, including brokerage commissions on development projects, leasing commissions, franchise fees, and virtual office expenses. This course is essential reading for anyone who handles the accounting for a real estate brokerage.

Author: Steven Bragg

Course Number: AC1149

Learning Objectives

  • Recognize the types of revenue that a real estate brokerage can generate.

  • Specify how the use of accrual or cash basis accounting impacts brokerage accounting.

  • Identify how a brokerage would record compensation expense.

  • Recognize the proper accounting treatment of franchise fees by a brokerage.

  • Identify the proper accounting treatment for virtual office expenses by a brokerage.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Accounting

Prerequisites: None

Advance Preparation: None

Latest Review Date: August 2023

Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.