Personal funds Flashcards
(3 cards)
1
Q
How much personal funds can a broker place into a sales escrow account?
A
Up to $1,000
This limit is specific to sales escrow accounts.
2
Q
How much personal funds can a broker place into a property management escrow account?
A
Up to $5,000
This limit applies to property management escrow accounts.
3
Q
How much personal funds can a broker maintain in an escrow account that has both sales escrow and property management escrow together?
A
Up to $5,000
The combined limit for both types of escrow accounts.
