When it comes to conducting broker-controlled escrows, regulatory compliance is not enough! Learn from Summer Goralik, Real Estate Compliance Consultant and former California Department of Real Estate (DRE) Special Investigator, what it takes to stay compliant while implementing industry broker-controlled escrow “best practices”.

This class will provide real estate brokers and others with a fundamental road map to opening and managing their in-house escrows; avoiding common mistakes, staying out of regulatory trouble and protecting themselves from myriad liabilities.
The following topics will be covered:

• Real estate brokers operating under the Escrow Law exemption
• Licensing requirements
• Advertising rules
• Staffing and employment contracts
• Broker supervision, policies and procedures, and best practices
• Transaction file compliance
• Required disclosures enforced by the DRE
• Escrow fees and discounts
• Escrow software systems
• Retention of records
• Fidelity bonds and related insurance
• Trust Account set-up, required records, and policies and procedures
• Prohibitive practices under the DRE
• Unlawful incentives and​ kickback schemes in the escrow industry
• Protocols which may protect the broker from administrative, civil and/or criminal liability and much more!