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Are Your Clients Deposits In Danger?The Department of Corporations has taken over numerous escrow companies in the past few years for conducting unsafe and injurious business practices, including trust account shortages. Using an Escrow Company that is bonded against employee fraud and embezzlement is an absolute necessity for the protection of your clients money. A recent DRE study revealed that approximately 71% of real estate broker owned escrow offices DO NOT have a fidelity bond to cover losses of escrow funds. Dixie Escrow is not a Broker Owned Escrow Company, it is an Independent Escrow Company licensed by the Department of Corporations and is fully bonded, and is required to undergo two certified audits each year. One by the Department of Corporations and the other by a CPA. Do your clients and yourself a favor, verify that the escrow company you will be working with is reputable and fully bonded. You run the risk if you do not use a long standing, reputable company with financial stability. This is another reason to recommend Dixie Escrow. |
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