Escrow Rules & Regulations: How to Stay Out of Trouble: Webinar

When:  Oct 27, 2020 from 08:30:00 AM to 11:30:00 AM (ET)
Escrow Rules & Regulations; How to Stay Out of Trouble: Webinar 
ORRA Member Pricing: Free
Instructor: Cynthia DeLuca

Registrants will receive a login link the morning of the webinar. (You must register to receive the link)
Registration cuts off at 7:30 am on October 27th

We handle escrow anytime we handle money that doesn't belong to us. This can include sales contract deposits, rent, security deposits, advanced rents, or maintenance money for repairs. This course will highlight ways to handle other people's money while staying within the law and guidelines.

What you will learn:
• Understand the differences of escrow funds versus other funds
• List the options of who can hold escrow.
• Explain why a broker would or would not hold escrow.
• Utilize company money within escrow accounts.
• Explain the time requirements for escrow deposits.
• Understand the time requirements for escrow deposit receipts.
• Understand how to handle worthless checks.
• Familiarize yourself with the steps required in escrow account reconciliation.
• Utilize methods to handle discrepancies in reconciliation.
• List software options that can help in the reconciliation process.
• Know where to find monthly checklist as an aid in their reconciliation process.
• Know what to expect during an escrow audit. 


ATTENDANCE POLICY
1. CE credit will not be awarded if login is not complete by 8:45 a.m. No exceptions. 
2. FREC requires a licensee attend 90% of each of the classroom hours. You must be logged into the webinar for the duration of class for your attendance to be tracked.