• Broker may open an escrow account in a Florida bank, savings association, or credit union.
• Broker must be a signatory on the escrow account.
• Broker must review, sign, and date the monthly reconciliation statements.
• Broker must review the company's escrow accounting procedures.
• If the broker chooses not to open an escrow account the funds may be held by a title company or in an attorneys trust account.
• Brokers must maintain records of real estate transactions for five years. regardless of whether
escrow funds were pledged (or two years after litigation if beyond the five-year period).
Information Brought to you on behalf of Rowlett Real Estate School http://www.rowlettrealestateschool.com
For more information or for classroom courses and online courses, feel free to visit our website or contact Captain Wayne Rowlett of Rowlett Real Estate School.
If you are looking to get a Florida Real Estate License, look no further, We have you covered. Captain Wayne Rowlett offers the finest in Real Estate Training in the state of Florida.
Rowlett Real Estate School is a Full Service Florida Real Estate School serving North West Florida.
We are dedicated to excellence in Real Estate Training and look forward to making your acquaintance. Feel free to contact us atrowlettschool@yahoo.com or 850-547-1333.
Captain Wayne currently has Real Estate Classes in Panama City Beach, Florida and in Destin Florida every month. Check out our School and our schedule of Florida real estate training courses on our website. We offer Pre Sales Associate, Post Sales Associate Classes, Pre Broker and Post Broker Management and Investment classroom courses along with Florida Real Estate Continuing Education in Marianna Florida as well as Panama City.
~P.Stone, RRES
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