RECO trust deposit receipt documentation

Answers are general operational information only — not legal, tax, regulatory, clinical, privacy, immigration, or professional advice. Requirements vary by matter, client, and regulator.

Frequently asked questions

What deposit records belong in a transaction file?

Typically client payment proof (cheque copy/e-transfer), brokerage trust receipt or confirmation, notes on deposit terms/amendments, and related APS pages — per broker-of-record policy.

Is there a deposit deadline into trust?

Ontario regulations require brokerages to deposit trust money into the designated real estate trust account within five business days of receipt (confirm current O. Reg. wording with compliance). Document receipt and deposit proof in the file.

Does Hivi-X hold trust funds?

No. Never. Trust accounting stays with the brokerage and its designated account.

Who uploads trust receipts — agent or admin?

Often accounting issues the receipt; a coordinator should file it to the checklist the same day so the agent sees approved status.

Can I export deposit docs for a review?

Yes. Export an approved PDF package for brokerage compliance review — not a substitute for trust ledgers.

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