Objectives: At the end of this course, the student will be able to:

• Understand the difference of escrow funds versus other funds.
• List the options of who can hold escrow.
• Explain why a broker would or would not hold escrow.
• Utilize company money within escrow accounts.
• Explain the time requirements for escrow deposits.
• Understand the time requirements for escrow deposit receipts.
• Understand how to handle worthless checks.
• Familiarize themselves with the steps required in escrow account reconciliation.
• Utilize methods to handle discrepancies in reconciliation.
• List software options that can help in the reconciliation process.
• Know where to find monthly checklist as an aid in their reconciliation process.
• Know what to expect during an escrow audit.

ATTENDANCE POLICY
1. FREC requires a licensee to attend 90% of each of the classroom hours. Physical attendance is required for the duration of class.
Please allow adequate commute time. This policy is strictly enforced.

2. You are required to sign-in/sign-out to be recorded as attended and earn CE.

3. No exceptions will be made.

CLASSROOM ETIQUETTE
• ALL MATERIALS ARE COPYRIGHTED AND MAY NOT BE REPRODUCED IN ANY WAY. VIOLATORS WILL HAVE TO LEAVE CLASS AND WILL NOT RECEIVE A REFUND.

• Electronic note-taking is permitted on silent devices ONLY.

• Cell phone use is permitted ONLY outside of classroom during designated breaks. Please be sure it is silenced and put away.