Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The specific dollar amounts a broker can keep in sales and property management escrow accounts. - The legal difference between commingling (improperly mixing funds) and conversion (improperly using funds). - How security deposits and advance rents must be handled under Florida law. - Key requirements for monthly account reconciliation and recordkeeping. - How to analyze exam-style scenarios involving the mishandling of escrow funds. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep