Management of Escrow Accounts (4-hour Online Course)
This online class is recommended for all brokers or assistants who handle escrow funds. Numerous administrative complaints are filed each month against brokers for violations of escrow rules and procedures. Learn the proper office procedures and record keeping needed to help you stay out of trouble and pass routine office inspections and audits with ease.
***This course meets the FREC mandate requiring licensees in violation of escrow accounting procedures to complete 4 hrs. of escrow management education.
Your online course is easy to use, and will cover all the current laws, rules, and procedures required for managing escrow (trust) accounts including brokerage escrow accounts and property management escrow accounts. This course includes important topics to help you prepare for FREC office inspections and audits including:
- How to set up escrow (trust) accounts
- Rules and timing for escrow deposits
- Rules for property management/ rental accounts
- How to avoid common violations
- How to properly handle escrow disputes
- Settlement options: EDO, Arbitration, Mediation, or Interpleader
- How to prepare for the office inspection including: Offices, Signs, Records, and Disclosures
- Preparing for an account audit (reconciliation statements)
- Recordkeeping examples (with audio and animation)
- Practice Problems – to practice what you have learned
If you have any questions about this course, feel free to contact our helpful Career Counselors at 1-800-732-9140.
West Palm Beach (Lantana)6216 S. Congress Avenue
Lantana, FL 33462
Take I-95 to Lantana Road. Exit west on Lantana Road to Congress Ave. Turn left on Congress and then left into Atlantis Plaza.
(From the North) Take the turnpike to Lake Worth Road. Exit east on Lake Worth Road to Congress Ave. Turn right on Congress and then just past Lantana Road turn left into Atlantis Plaza.
(From the South) Take the turnpike to Boynton Beach Blvd. Exit east on Boynton Beach Blvd to Congress. Turn left (north) on Congress. Turn into Atlantis Plaza, just south of Lantana Road.
Boca Raton7035 Beracasa Way Suite 206
Boca Raton, FL 33433
Located just 3 minutes West of I-95 on the North West corner of Palmetto & Powerline.
Tamarac (Broward)5600 Hiatus Road
Tamarac, FL 33321
This Gold Coast building is located on the NE Corner of Hiatus Road and Commercial Blvd., approx. 1/8 mile East of the Sawgrass Expwy off of Commercial Blvd.
Registration for all Insurance and Construction classes are handled by the Gold Coast Professional Schools office at the Broward campus.
North Miami3577 N.E. 163rd Street
North Miami, FL 33160
Located just minutes East of the Gold Glades Interchange (I-95, 826 and the Turnpike.) Exit on 163rd street and go East. Located in the Intracoastal Mall at N.E. 35th Ave.
South Dade (Doral)11250 N.W. 20th Street
Miami, FL 33172
Because this is a new building, on a new street, you will not be able to find us on map search sites yet. Here are directions:
From the North:
Take the Florida Turnpike Extension south to NW 12th Street (exit # 27). Head east.Turn left on NW 111th Ave (just past the mall). Turn left on NW 20th Street. Building is on the left.
From the South:
Take the Florida Turnpike Extension north to NW 12th Street. Head east Turn left on NW 111th Ave (just past the mall). Turn left on NW 20th Street. Building is on the left.
From the East and Downtown Miami:
Head west on 836 to NW 107 Ave exit. Exit north on NW 107 Ave.Turn left on NW 12 St. Turn right on NW 111 Ave. Turn left on NW 20th St. Building is on left.