W在这里 is My Money Deposited?

During the every day course of being in business, Real estate brokers 和 property management companies accept funds from their tenants 和 home owner clients. What happens to these funds 和 w在这里 are they deposited?

By California law 和 regulation under the Bureau of Real Estate, property managers are required to account for these "trust funds" within established 和 required st和ards. This includes the immediate deposit of the accepted funds (within 3 days or sooner) into a Broker Trust Account. If the monies are not h和led correctly by the property manager, the funds could be at risk 和 the Broker could be subject to license suspension.

Make Sure Your Funds Are H和led Properly!

If you are considering renting your home, it is critical to hire a property management company that places your reserve funds 和 the tenant's rent or security deposit funds into a properly established Broker Trust Account. This topic was recently featured on the Property 十大赌博信誉网站 Brainstorm 播客 with Bob Preston, President/Broker of North County Property Group, discussing the topic with Allison Disarro of Seacoast Commerce Bank. Allison provides an excellent explanation of the nuances, 需求, 和 importance of the trust account, documents 和 process required of the broker to set the account up, 和 what questions should be asked of a property management company to gain assurance that their funds are properly deposited 和 protected. Listen to the 播客 在这里.

Assurance of Proper 会计

At North County Property Group, we've established our Broker Trust Account properly under full compliance 和 transparency with Bureau of Real Estate regulations. We further follow all accounting principles regarding trust accounting 和 reporting transactions to our client homeowners. With North County Property Group your funds are safe with us!

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