(H) If trust funds are held outside a licensee's brokerage firm, the licensee remains obligated to en sure that the trust funds are timely and properly delivered to the trust fund agent as stated in the contract.

(H) If trust funds are held outside a licensee’s brokerage firm, the licensee remains obligated to en sure that the trust funds are timely and properly delivered to the trust fund agent as stated in the contract.

(H) If trust funds are held outside a licensee’s brokerage firm, the licensee remains obligated to ensure that the trust funds are timely and properly delivered to the trust fund agent as stated in the contract.

Properly check on earnest money, security deposits, trust funds, etc, are timely and properly delivered (e.g., law firm, lawyer, trusted third party portal online clearinghouse commonly used nowadays for residential tenants paying for their rental lease without checks).

This information is only accurate as of 3/24/25. You must contact SCR for updates and changes to this information after 3/24/25 as laws and regulations may change over time. SCR 803-772-5206 or email info at screaltors.org or email byron at screaltors.org)

This information is not legal advice. This information is intended only to provide general information and may not be relied upon as specific legal guidance. Legal counsel should always be consulted before acting in reliance on this information.

Michael Crist2025-03-24T07:28:04-05:00March 24th, 2025|Legal FAQs|

(H) If trust funds are held outside a licensee’s brokerage firm, the licensee remains obligated to en sure that the trust funds are timely and properly delivered to the trust fund agent as stated in the contract.