News & Information: Risk Management Tips

Risk Management - Escrow Laws

Friday, July 12, 2013  
Share |

Brokers have an obligation to properly protect and account for escrow funds.

Know the DBPR Division of Real Estate's escrow laws. According to the Florida Real Estate Commission, most disciplinary action involves escrow account violations.

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.

ORRA Partners
ORRA would like to thank our Partners for their continuing support.
View the full list of ORRA Partners.