Accounting for Real Estate Brokerages

1 Credits: Accounting


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Accounting for Real Estate Brokerages

Course Level
CPE Credits

1 Credits: Accounting

Course Description

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 the Accounting for Real Estate Brokerages 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 course is essential reading for anyone who handles the accounting for a real estate brokerage.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • 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.
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Course Specifics

Course ID
Revision Date
March 8, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. 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 …