

1,027,517
I can't remember the last time I held an earnest money check. Funds are almost always wired or overnighted, and we write a provision into the contract that it will arrive within 24 business hours. Escrow prefers a wire as well.
-
Chris Ann Cleland
Gainesville, VA
-
Allie Angeloni
Oro Valley, AZ
-
Fred Griffin Florida R...
Tallahassee, FL
-
Michael Jacobs
Pasadena, CA
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Nina Hollander, Broker
Charlotte, NC
-
Pete Xavier
Pacific Palisades, CA
1,492,585
No such thing as an EMD check in CA anymore. WIRE ONLY. Have not handled an EMD check in 8 years.
-
Allie Angeloni
Oro Valley, AZ
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Richard Weeks
Dallas, TX
-
Thomas J. Nelson, REAL...
La Jolla, CA
5,045,156
I am handed the check by the buyer and deliver it to my brokerage, who deposits it in our escrow acccount.
-
Allie Angeloni
Oro Valley, AZ
-
Fred Griffin Florida R...
Tallahassee, FL
-
John McCormack, CRS
Albuquerque, NM
-
Richard Weeks
Dallas, TX
-
Jeff Pearl
Lovettsville, VA
4,981,235
It never gets near my hands. Once we have a signed contract and open escrow buyers wire funds within 3 business days. Our brokerage does not even keep a trust account
-
Allie Angeloni
Oro Valley, AZ
-
Thomas J. Nelson, REAL...
La Jolla, CA
-
Nina Hollander, Broker
Charlotte, NC
2,666,319
A bounced check! Wow. That deal was dead from the get-go.
I usually hand deliver deposit checks to the Title company. Sometimes I have the Buyer meet me there; I can introduce them to the Title Closer. Since I am a one-man office, it also helps the Buyer "know where to go" should something happen to me.
Regarding the balance of funds needed to close - most Tallahassee Title companies and lawyers insist on that money being wired.
-
Allie Angeloni
Oro Valley, AZ
-
Fred Griffin Florida R...
Tallahassee, FL
-
Nina Hollander, Broker
Charlotte, NC
3,071,489
wire transfer
-
Tony and Suzanne Marri...
Scottsdale, AZ
-
Thomas J. Nelson, REAL...
La Jolla, CA
2,218,122
I collected if working with the buyer and turn it into my office for deposit.
-
Nina Hollander, Broker
Charlotte, NC
-
Anthony Acosta - ALLAT...
Atlanta, GA
1,711,651
938,732
Direct wire by the buyer to escrow saves some potential problems. Not physically handling the EMD as an agent/broker is best policy IMO.
-
Candice A. Donofrio
Fort Mohave, AZ
2,760,382
If you touch it, then trust handling rules must be invoked. I dont touch it!
-
Hella M. Rothwell, Bro...
Carmel by the Sea, CA
2,318,114
I take it to the title company myself usually
-
Nina Hollander, Broker
Charlotte, NC
3,624,863
All EM checks are made out directly to the title company. We do not take any checks even at the closing table.
-
Nina Hollander, Broker
Charlotte, NC
634,482
Rarely; usually we have wire transfers for EM.
-
Thomas J. Nelson, REAL...
La Jolla, CA
2,538,627
Good morning Peter. That is what you call dead on arrival. Most of the checks come into the closing that are help by the office of the listing agent.
-
Nina Hollander, Broker
Charlotte, NC
4,259,910
747,254
Our new default is to have fund wired to escrow within 3 days of acceptance. No more touching funds and that's perfect.
-
Hella M. Rothwell, Bro...
Carmel by the Sea, CA
399,495
In Southern California 98% of the time Buyer wires funds into title company via the escrow company's instructions.
1,230,384
I request a check to come with signatures together & pof. The 3 must be in in order for me to submit an offer. Incomplete will not be processed.
-
Hella M. Rothwell, Bro...
Carmel by the Sea, CA
4,319,119
Peter Mohylsky - that was my question.
In our area, usually, the first EMD check is a regular check - and is delivered to the listing office. We are attorney state.
-
Nina Hollander, Broker
Charlotte, NC
399,106
I don't handle earnest money deposit checks.
Most of the time, the buyer will wire funds rto escrow. Occasionally, the buyer will bring a check to escrow.
-
Thomas J. Nelson, REAL...
La Jolla, CA
631,704
In California, I often get a personal check from the buyer made out to the escrow company (NEVER to me) and I will open escrow on their behalf once the offer is accepted. If the offer is not accepted, I get the check back to the buyer. For that reason, I like for the buyer to get the funds to the escrow company directly within 3 days after the offer has been accepted. Also, sometimes we need to make offers on several properties and this is cleaner.
-
Thomas J. Nelson, REAL...
La Jolla, CA
3,727,519
I handle it, taking it to the title company when the offer is ratified.
-
Nina Hollander, Broker
Charlotte, NC
231,224
always always.... go directly via wire..best way..or a cashiers check (maybe)
-
Candice A. Donofrio
Fort Mohave, AZ
6,252,412
2,324,258
ND has made it clear that handing the check over to the title company does not absolve you of your responsibility. They consider it as still in your position.
166,935
In CA, contract was changed to have check automatically go to escrow via a wire. I love it as I haven't handled a client's check in years. ~Marisa
5,810,605
1,683,556
We handle it. Make a copy of it and send it to the Listing agent, who will put it in their EM account.
468,292
1,525,610
I take the EMD and hand it in to my broker as soon as I have a fully executed contract.
2,224,473
4,800,082
I've had bounced checks. And, I have the customer make the check out to the title company/attorney.
3,986,172
I handle all checks so I can make a copy for any kind of future reference or lost ones
823,129
3,301,671
4,433,977
152,461
I am required to turn it in to my broker, so either I deliver it, or my client hand delivers it to the office.
1,487,352
I NEVER touch the money. It gets wired straight to escrow. No liability for me that way.
3,382,934
I give it to our office admin to deposit. If I were a sole broker/owner I would have them make it out to the title company.
290,669
It depends on the situation, according to Roger. He says that sometimes it is wired in, other times it is taken down to the closing agency by him or the client. He personally does not like to handle the check Peter Mohylsky.
4,800,147
1,466,207
Peter Mohylsky When I had my own company, I deposited the funds in my escrow account.
4,501,573
7,661,119
1,713,901
5,582,796
each agent here takes the EMD check when purchase and sales is signed...and that check is given to the office administrator who takes care of the depositing process.... we make copies of everything....
we HAVE on occasion received a check that was not covered!! a transfer was not made in time.... we always ask if the funds are behind the check before we deposit, but ????
1,648,626
890,053
In my area, it is usually the selling brokerage that holds it until contract time, at which time normally the sellers' attorney would deposit it in his escrow account until closing. Unfortunately, often agents run around with those checks until the offer is accepted; some have been known to be lost in the process.
4,769,160
5,090,740
Wired funds are the way to go these days! I use a title company to hold escrow funds!
3,415,096
902,968
I handle it, and either turn it in to the office or the title company depending on which one check is made out to. I would not rely on a buyer to deliver it.
1,157,735
1,610,375
Wire to the Escrow direcly only. I haven't had EMD check in my hands for years.
770,224
675,316
In Wisconsin we either deliver the EM Check directly to the Listing Agency's Trust Account Dept or we have the Buyer mail it (but have them copy and send a copy to me prior to mailing) and then when the Listing Agency receives it they send us a receipt that then goes to the buyer's lender. Seems everyone does it a little differently. The best way is whatever works. I've not had to deal with a bounced check.
2,707,666
The Earnest money check must be deposited at the title company and is handled by the buyers agent or their client.