3 ways to send an earnest money deposit
-Clients initiate transfer from their location
-Clickable links with easy to follow instructions
-Safe and secure
-Guaranteed Funds
Easily Trackable
-Property Address and client name guaranteed to be associated with transfer
-Receipt of transfer acts as compliance requirement, sent directly to you
-$18 fee paid by sender/client
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Wire Transfer
-Received same business day
-Fees associated with wiring funds depends on client's bank policy (usually $30)
-Wires do not usually come with the client name or property address, make sure to follow up with the MCA office
-Get confirmation of wire to upload to your opportunity to be compliant
-Ask MCA office for wiring instructions if you don't have them
***Be sure your client knows NEVER to wire money unless YOU SPECIFICALLY
ask them to.***
Bank or Personal Check
-Needs to be held for 10 business days before it can be released
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Coach Your Clients:
What does the check need?
1) Payable to Keller Williams Realty
2) Property Address on the memo line and agent name
3) Keep a copy of the check to upload to your file for compliance
4) Confirm MCA office received check
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