David Saks: May 2009

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 148

                                                  business

Money may be given to a broker to hold in trust or escrow  for a buyer to pay for a home inspection.

Is this true or false ?

Take your time. The solution is posted below the wildlife photo

wildlife

A. This is true.

A broker may receive money from a buyer to be held for a home inspection.

A broker may also hold a good faith deposit.

Can you think of anythoing that a broker can't retain in escrow or trust for a buyer, such as the money to purchase new drapes ?




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • May 08 2009 11:33AM
Real Estate Practice : Lesson 148
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