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URL:https://www.learndesk.us/class/5224100152737792/lesson/b1756693a6f6a0dc1202fbf81b64dc28?ref=outlook-calendar
SUMMARY:Handling Trust Funds
DTSTART;TZID=America/Los_Angeles:20260515T190000
DTEND;TZID=America/Los_Angeles:20260515T200000
LOCATION:https://www.learndesk.us/class/5224100152737792/lesson/b1756693a6f6a0dc1202fbf81b64dc28?ref=outlook-calendar
DESCRIPTION: Trust fund deposit requirements
Trust accounts. A trust account, also known as an escrow account, is an account in a bank, credit union, or savings and loan association within Florida that is established to hold funds until the time comes to disburse them for a particular purpose. The account is held by a third party to a transaction and holds money, such as earnest money from a property buyer until the property ownership is transferred at closing. Title companies with trust powers and attorneys may also be used to hold funds in escrow.
Escrow accounts may be used to hold rental property deposits and rent payments; however, while not required, sales funds and rental funds should be kept in separate escrow accounts. The funds deposited into the escrow account include cash, checks, money orders, drafts, personal property, or items of value.
Florida law mandates that the account is to hold only third-party funds with no licensee personal funds intermingled. However, the law also...

https://www.learndesk.us/class/5224100152737792/lesson/b1756693a6f6a0dc1202fbf81b64dc28?ref=outlook-calendar
STATUS:CONFIRMED
SEQUENCE:3
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