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URL:https://www.learndesk.us/class/4960291886465024/lesson/f8e0185617bf29a8874465a6561d6750?ref=outlook-calendar
SUMMARY:Escrow/Trust Accounts: General Rules (61J2-14)
DTSTART;TZID=America/Los_Angeles:20260516T190000
DTEND;TZID=America/Los_Angeles:20260516T200000
LOCATION:https://www.learndesk.us/class/4960291886465024/lesson/f8e0185617bf29a8874465a6561d6750?ref=outlook-calendar
DESCRIPTION: Broker held
• Sales associate gives deposit to the broker by the end of the following business day.• Broker deposit into an escrow account within 3 business days of receipt.• Broker to be signatory on all escrow accounts.• Escrow accounts to be held at Florida banks, credit unions, and savings associations.• $1,000 broker personal funds per sales escrow account allowed.• $5,000 broker personal funds per property management account.• 30 days to correct account errors.• Broker has no right to or lien on escrow deposits.• No disbursement of funds until the transaction is closed.
• Broker to make, date, and sign monthly account statement-reconciliation.• Provide records to DBPR as required.• Maintain escrow records for 5 years.• Broker can deposit into interest-bearing account upon the consent of all parties; must be in an insured account in FL; interest disposition to comply with Florida law.• Recommended separating...

https://www.learndesk.us/class/4960291886465024/lesson/f8e0185617bf29a8874465a6561d6750?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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DESCRIPTION:Class Reminder
ACTION:DISPLAY
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