Get ready to learn all about Trust and Escrow Accounts with our detailed guide, perfect for future real estate agents gearing up for their exams! In this video, we delve deep into why these accounts are crucial for your career and how they safeguard transactions. From handling earnest money to understanding the legalities of escrow, we cover everything you need to pass your real estate exam with flying colors. 📑 What You'll Learn: - Understanding Trust Accounts: Discover what trust accounts are, how they function, and why they're a necessity in real estate transactions. - Essentials of Escrow Accounts: Explore the role of escrow accounts in maintaining integrity in financial dealings between buyers and sellers. - Avoiding Commingling: Learn the critical mistakes to avoid with practical tips on managing these accounts correctly to prevent legal issues. - Practice Questions: Test your knowledge with specific practice questions that could appear on your real estate exam. 📽️ Get more practice on the real estate exam with our Top 20 Practice Questions video here: https://youtu.be/IwypktMK34s 📘 Don't forget to check out our POWER TRIO: MATH & VOCABULARY MASTERY here (This is a digital product and no physical product will be shipped): https://justcallmaggie.com/product/the-real-estate-power-trio-math-vocabulary-mastery/ packed with all the essential resources to help you ace your real estate exam. 👍 Like, subscribe, and comment with your answers to the practice questions. Stay tuned for more real estate exam preparation videos, and remember, for all your real estate learning needs — Just Call Maggie!🏡📚 ✨ WANT TO GET YOUR REAL ESTATE LICENSE Start here: https://justcallmaggie.theceshop.com Video Timestamps 00:00 - Introduction 00:38 - What are Trust/Escrow Accounts? 01:42 - Who Handles the Money? 02:17 - Commingling and Conversion Explained 03:05 - What Can & Can’t Go In a Trust Account 03:56 - Practice Question 1 04:19 - Practice Question 1 Answer & Explanation 04:48 - Practice Question 2 05:19 - Practice Question 2 Answer & Explanation 05:53 - Practice Question 3 06:21 - Practice Question 3 Answer & Explanation 06:49 - Wrap up 📲 FOLLOW ME ON SOCIAL Facebook: https://www.facebook.com/justcallmaggie Instagram: https://www.instagram.com/justcallmaggie TikTok: https://www.tiktok.com/@justcallmaggie Subscribe to my YouTube Channel: @JustCallMaggie #realestateexamtips #realestateexam #trustaccount #escrowaccount #realestatetips