Rainmaker
3,986,308
3,986,308
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.
No software...I use hard copy. Can't lose it if the computer goes BURPPP!
Jun 18, 2015 07:39 AM
Upvote
1
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Tammy Lankford,
Eatonton, GA
Rainmaker
4,272,934
4,272,934
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!
We have the closing company hold the earnest money in a non-interest bearing account. (Company Policy)
Jun 18, 2015 04:56 AM
Upvote
1
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Chris and Dick Dovorany
Naples, FL
Rainmaker
443,220
443,220
SD Home Source Realty - San Diego, CA
I don't touch earnest money. It goes directly to escrow. Number one reason California Brokers lose their license is over trust fund issues.
Jun 18, 2015 04:45 AM
Upvote
1
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Chris and Dick Dovorany
Naples, FL
Rainmaker
4,800,132
4,800,132
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate
Rainmaker
4,901,858
4,901,858
Dallas, TX
REALTOR®, Broker
In TX only the borker can have a trust account. Most brokers wil not accept EM, and it is sent to the title company.
Jun 18, 2015 09:13 PM
Ambassador
3,167,614
3,167,614
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville
I do and I don't. Old school with a journal. I am not a fan of putting other people's information on a computer. Takes just about 5 minutes of my time a day. Wouldn't take any less if it were on the computer. (I am the broker)
Jun 18, 2015 03:17 PM
Rainmaker
5,877,455
5,877,455
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time
All my EM deposits are held by the title company, but being the employing broker, have to keep a log of all deposits.
Jun 18, 2015 11:23 AM
Rainmaker
634,532
634,532
Resort and Second-Home Specialist - Princeville, HI
Kauai Luxury Ocean Home Sales
The escrow company takes all our EMDs. We occasionally hold an uncashed check but that doesn't need accounting.
Jun 18, 2015 11:06 AM
Rainmaker
7,864,056
7,864,056
Retired - Gaithersburg, MD
The broker has an escrow account to hold deposits. Software will vary by company. A manual accounting system does work.
Jun 18, 2015 09:46 AM
Rainmaker
1,466,257
1,466,257
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA
Jack Lewitz I closed out my Escrow Account, but when I had one I used QuickBooks to keep track. It is customary here for Brokers to hold EMD's in an Escrow Account. State laws dictates, the money has to be deposited within 5 business days.
Jun 18, 2015 06:24 AM
Rainmaker
1,241,754
1,241,754
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe
One person thought they leave the emd with the realtors name so he can run off with it.....Ha ha
Jun 18, 2015 05:55 AM
Rainmaker
699,277
699,277
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty
An agent holding ernest money? No way. The broker doesn't even do that. Only title companies and attorneys.
Jun 18, 2015 05:09 AM
Rainmaker
292,685
292,685
Exit Strategy Realty - Evanston, IL
Cindy I should clarify that I have escrow account without checking but was interested what software they use
Jun 18, 2015 04:50 AM