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Accounting for Real Estate Brokerages ON DEMAND

Available Until

Your Desk

1.0 Credits

Member Price $29.00

Non-Member Price $33.00

Overview

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 this real estate accounting 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 real estate tax course is essential reading for anyone who handles the accounting for a real estate brokerage.

Highlights

Cash basis accounting vs. accrual basis accounting. Brokerage revenues. Brokerage expenses. Brokerage assets. Real estate brokerage reporting.

Prerequisites

None.

Designed For

CPA, CEOs, CFPs, and other financial managers.

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.

Preparation

None.

Notice

None.

Leader(s):

Leader Bios

Steven Bragg, Western CPE

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.

Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).

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Non-Member Price $33.00

Member Price $29.00