Dishin' Dirt with Gary Pickren

Dishin' Dirt on "Earnest Money Issues in Real Estate"

February 11, 2021 Gary Pickren Season 2 Episode 16
Dishin' Dirt with Gary Pickren
Dishin' Dirt on "Earnest Money Issues in Real Estate"
Chapters
Dishin' Dirt with Gary Pickren
Dishin' Dirt on "Earnest Money Issues in Real Estate"
Feb 11, 2021 Season 2 Episode 16
Gary Pickren

Earnest money became a big problem for real estate agents due to a South Carolina Real Estate Commission ruling a few years ago. Since that ruling, most real estate agencies quit holding earnest money. Today, closing attorneys typically hold the earnest money in trust. While on the surface this may seem to have reduced agent liability, another big issue has evolved concerning earnest money that could result in lawsuits or discipline of the agent.  this podcast examines many of the issues pertaining to earnest money and agent liability.  

Also, in the episode learn what you need to know about real estate licensee continuing education requirements and enjoy another episode of Gary's Good News Only!

Gary

Show Notes

Earnest money became a big problem for real estate agents due to a South Carolina Real Estate Commission ruling a few years ago. Since that ruling, most real estate agencies quit holding earnest money. Today, closing attorneys typically hold the earnest money in trust. While on the surface this may seem to have reduced agent liability, another big issue has evolved concerning earnest money that could result in lawsuits or discipline of the agent.  this podcast examines many of the issues pertaining to earnest money and agent liability.  

Also, in the episode learn what you need to know about real estate licensee continuing education requirements and enjoy another episode of Gary's Good News Only!

Gary