Real estate broker trust account


Supervisory Duties Broker Toolkit: Present your case online in minutes. Twitter Community Service Spotlight:

Trust Account Responsibilities Broker Toolkit: License Law Provisions Broker Toolkit: Find Your Lawyer Now! Commingling is the act of mixing or mingling client's funds with the broker's own money. Maintaining Office Records Broker Responsibilities:

Within 24 hours experienced local lawyers review it and evaluate if you have a solid case. Distinguished Service Award Winners: Can't find your category? Sole Proprietorship Broker Toolkit: Office Sign Broker Responsibilities:

This means that the broker is primarily responsible for the money that is in the account. Is an auction right for my client? March Short sale fraud continues; Agents must present all offers OR:

Brokers engaging in property management must have a separate trust account for funds related to that activity. If the financial institution where the account is located charges a service fee for the account, the broker may maintain a reasonable amount to cover the service charge. Source of the Duty to Disclose WP: A broker is not only responsible for his own actions, but also for the actions of his salespeople. Is an auction right for my client?

When a brokerage company sets up a trust fund account for the benefit of its clients, the broker is the trustee for the account. This means that the broker is primarily responsible for the money that is in the account. Trust Account Responsibilities Broker Toolkit:

Another benefit is insurance. We've helped more than 4 million clients find the right lawyer — for free. Commission Issues Commission Issues: Maintaining Office Records Broker Responsibilities: