Accounting for Real Estate Brokerages

Master the specialized accounting requirements of real estate brokerages. This course explains how to record commissions, referral fees, multiple listing service charges, and shared office costs. Learn how to account for brokerage commissions on development projects, leasing commissions, franchise fees, and virtual office expenses. Apply practical guidance to ensure accurate revenue recognition, expense tracking, and financial reporting tailored to the operational realities of a real estate brokerage.
Format

PDF Course

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Duration

1 Hour

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Course Information

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 2025
Program Registration Requirements: Click on the Enroll button 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.