No. The earnest money payment is sent from the buyer’s bank account, right to the designated trust account holder, who we refer to as the DTAH, (typically a broker or title company).
Have more questions? Submit a request
Articles in this section
- DTAH - Broker or Title Company - Can TrustFunds provide training for my office admins and/or agents?
- DTAH - Who is a Designated Trust Account Holder (``DTAH``)?
- DTAH - Broker - Are brokers required to register their company, in order for their agents to use TrustFunds?
- DTAH - Broker - Title - Can a refund be processed via TrustFunds?
- DTAH - How soon can I use TrustFunds after submitting my application?
- DTAH - How does a DTAH reconcile deposits to their trust account?
- DTAH - Does TrustFunds receive or hold the earnest money payment?
- DTAH - How long does a DTAH have access to transaction data in TrustFunds?
- DTAH - Can a DTAH set up more than one trust account?
- DTAH - If a DTAH has more than one office, does it need to register each office?