Sentences with phrase «excess of the advance fees»

Holding large sums: If one client gives you a lot of money to hold in your trust account (consider «a lot» to be an amount well in excess of the advance fees of your other clients), look at your state rules for opening a separate account for that client.

Not exact matches

To control advances to clients within reasonable limits requires toughness and a combination of approaches are needed: (1) don't permit them at all; (2) insist on retainers or at least on deposits to cover estimated advances; (3) bill client advances immediately and apart from fees; (4) record certain advances, i.e., contingent fee disbursements, as expense to reflect them in the income statement; (5) hold your lawyer accountable for write - offs; (6) insist that your accounting department do not accept requests for client advances in excess of a predetermined minimum amount.

In real money in your pocketbook, this means 99,000 CREA members will take home NO MONEY this year and in fact will be accumulating excess debt through the required use of Commission Advance Services, Credit Cards, Lines of Credit and Unpaid Brokerage Fees.

This also will result in the meaningful advance disclosure of settlement costs and the elimination of kickbacks, referral fees, and other practices that tend to increase unnecessarily the costs of certain settlement services by enabling creditors to refund amounts collected in excess of the good faith requirements, thereby furthering the meaningfulness and reliability of the estimated disclosures, consistent with section 19 (a) of RESPA.