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Escrow Account The business checking account for Realtors and Real Estate firms, which allows the deposit of option-to-buy funds for acquiring homes or properties.
To open the account, you must present your valid Realtor license. If the license has expired you must present evidence of renovation, in the case of new Realtors, the notification of the approved examination from the State Department. If the account remains inactive for six months, a $10 monthly charge will apply. |
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