Escrow Rules and Regulations - How to Stay out of Trouble

When:  Feb 13, 2023 from 01:00:00 PM to 04:00:00 PM (ET)
Escrow Rules and Regulations - How to Stay out of Trouble (3 CE)
Member Price: $10
Instructor: Cynthia Deluca

Location: In-person at the Orlando Regional Realtor Association (ORRA).

As REALTORS®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. Learn how to handle other people’s money within the law.

Objectives: After taking this class students will be able to:
- Understand the difference between escrow funds and other funds
- List the options of who can hold escrow
- Explain why a broker would or would not want to hold escrow
- Utilize company money within escrow accounts
- Explain the time requirements for escrow deposits
- Understand the time requirements for escrow deposit receipts
- How to handle worthless checks
- Escrow Account reconciliation
- Software that can help you manage an escrow account
- What to expect during an escrow account audit

ATTENDANCE POLICY:
1. FREC requires that licensees attend 90% of instructional class time. Physical presence is required.
2. CE credit will not be awarded to students who miss more than 15 minutes of instructional time. Please allow adequate commute time. No exceptions.
3. All students MUST sign-in and out to receive CE credit.
4. Electronic note-taking is permitted on silent devices, only. Cell phone use is permitted during designated breaks.

ACCESSIBILITY:
ORRA will make every effort to ensure that onsite programs are accessible to all. Call 407-513-7268 to provide advance notice to staff regarding need of assistance.

CANCELLATION/NO-SHOWS:
Cancellations not received within two (2) days prior to class start time will result in the forfeiture of the registration fee. Cancellations can be made through ORRA’s Professional Development Department at 407.513.7268 or email at education@orlandorealtors.org.

More information

Location

1330 Lee Rd
Orlando, FL 32810