Which business property practitioners qualify for a trust account exemption?

1. Business property practitioners that have never received trust monies

2. Business property practitioners that no longer receive trust monies

3. Business property practitioners that mandate Payment Processing Agents to handle all their trust monies, provided:

• The Payment Processing Agent is registered with the PPRA and has a valid FFC;
• The Payment Processing Agent operates a trust account environment that complies with

the PPA

• The Payment Processing Agent is audited annually and submits the 3 required reports to

the PPRA