Home Selling in 34105>Question Details

1cricket, Home Seller in 34105

Is the Title Company in Florida held by the same laws as far as the "3 days" to deposit the earnest check that was given to them by the?

Asked by 1cricket, 34105 Thu Jan 6, 2011

realestate br?

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The broker must have the earnest monies to the Title Company or escrow agent within 3 days of receiving it. Then the title company is required by the Florida Dept. of Financiall Services to have it deposited within 3 days of their receipt. The prefer within 24 hours, but actually have up to 3 days is my understanding of this requirement.

Peggy Wagner
Perfect Place Realty, LLC
3 votes Thank Flag Link Thu Jan 6, 2011
I meant to write Broker at the end of the sentence.
0 votes Thank Flag Link Thu Jan 6, 2011
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