News & Information: Risk Management Tips

Risk Management - Escrow Issues

Friday, August 31, 2012  
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»Escrow and disclosure issues are the biggest sources of complaints and lawsuits today.

The Florida Real Estate Commission has observed a recent increase in cases involving escrow-related violations, specifically failure to reconcile escrow accounts and failure to account and deliver funds.

Risk Management Tips of the Week are provided by the ORRA Risk Management Subcommittee as a service to ORRA members. The tips are not a substitute for individual legal consultation. Tips should not be relied upon in specific situations without consulting a real estate attorney.

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