When handling the funds entrusted to you by others, you face decisions that will either increase or decrease your risk exposure. With that, the proper handling of escrow funds is not only a fiduciary duty of real estate licensees, but it’s also the law, and it’s one of the 12 essential duties expected of all Virginia real estate licensees. Handling escrow funds must be done with the utmost care and integrity.
When the student has completed this unit, they will be able to:
- Characterize salient regulations governing the operation of brokerage companies, including those relating to branches, escrow procedures, recordkeeping, and trade names
- Discuss the closing process from start to finish
You have access to this course for 6 months from the date you enroll. If you do not complete the course within 6 months, you will lose your progress and will have to re-enroll.