06 Dec Escrow Rules and Regulation: How to Stay Out of Trouble Escrow Rules and Regulation: How to Stay Out of Trouble Tuesday, December 6, 2022 (9:00 AM to 12:00 PM) 3.00 CE Hours Orlando Regional Realtor Association, Orlando, Florida 3CE Credit Class, Live Class Details You're Registered! DescriptionLocationInstructorsCancellation Policy Escrow Rules & Regulations: How to Stay Out of Trouble ORRA Member Pricing: $10 Instructor: Jeff Fagan 3 CE Credits We handle escrow anytime we handle money that doesn't belong to us. This can include sales contract deposits, rent, security deposits, advanced rents, or maintenance money for repairs. This course will highlight ways to handle other people's money while staying within the law and guidelines. What you will learn: • Understand the differences of escrow funds versus other funds • List the options of who can hold escrow. • Explain why a broker would or would not hold escrow. • Utilize company money within escrow accounts. • Explain the time requirements for escrow deposits. • Understand the time requirements for escrow deposit receipts. • Understand how to handle worthless checks. • Familiarize yourself with the steps required in escrow account reconciliation. • Utilize methods to handle discrepancies in reconciliation. • List software options that can help in the reconciliation process. • Know where to find monthly checklist as an aid in their reconciliation process. • Know what to expect during an escrow audit. ATTENDANCE POLICY 1. FREC requires that licensees attend 90% of instructional class time. Physical presence is required 2. CE credit will not be awarded to students who miss more than 15 minutes of instructional time. Please allow adequate commute time. No exceptions. 3. All students MUST sign-in and out to receive CE credit. 4. Electronic note-taking is permitted on silent devices, only. Cell phone use is permitted during designated breaks. Special Disabilities: Accommodated with advance notice. CANCELLATION/NO-SHOWS Cancellations not received within two (2) days prior to class start time will result in the forfeiture of the registration fee. Cancellations can be made through ORRA’s Professional Development Department at 407.513.7268 or email at education@orlandorealtors.org. Orlando Regional Realtor Association Orlando Regional Realtor Association1330 Lee RdOrlando, FL 32810 Map & Directions Jeffrey M. Fagan Jeff Fagan is with Watson Realty Corp. and is the Regional VP over Central and South Florida directing the operations of 17 Managing Brokers and offices and 440 associates and selling over $1Billion annually. Jeff is the holder of a Florida Broker License, a Florida Real Estate Instructor’s Permit, and the Certified Real Estate Brokerage Management (CRB) designation and has been a REALTOR since 2002. Prior to his real estate career Jeff was involved in Commercial Agriculture and Aquaculture in the US, Taiwan and the Middle East. He has served as Grievance Committee Chairman several times, RPAC chair, 2019 President of ORRA, and is the current District VP representing District 12 for Florida Realtors, and is on both the FR and NAR Boards of Directors. Jeff was named by RISMedia as one of the Top 300 Influencers is Real Estate for 2020.Jeff considers one of his greatest accomplishments to be leading the effort to develop the Gold Key and Platinum Key programs for ORRA to increase professionalism in our Industry. CANCELLATION/NO-SHOWSCancellations not received within two (2) days prior to class start time will result in the forfeiture of the registration fee. Cancellations can be made through ORRA’s Professional Development Department at 407.513.7268 or email at education@orlandorealtors.org.