Earnest Money & Title – What Actually Protects You?

Topics:

• Earnest money: Brokerage trust account vs Title company

• REPC language review

• Who holds what and why

• Broker liability

• What happens when earnest money is mishandled

Code & Forms Review:

• REPC Section 4 & 5

• Trust account requirements

• Broker oversight responsibilities

Interactive:

Mock “messy transaction” — agents must identify:

• Where the liability is

• What the broker must do

• What should have happened