Month: May 2015

Rules Regarding Real Estate Escrow Accounts and Deposit Checks

Question: I’m the listing agent and I received a $1,000 deposit check in connection with a fully executed contract on residential property.  My broker is out of town, what do I do? Answer/Recommendation: You go to Vegas and double down. Okay, not really.  (Definitely “not really”!!) According to Louisiana Real Estate Commission Rules and Regulations Chapter 27, Section 2701, “A resident broker who ...[Read More]