DTAH - Broker or Title company - Who needs to be a member of TrustFunds for the buyer to submit earnest money electronically?

The MLS and the DTAH must be members of TrustFunds. The DTAH is the company that will be holding the earnest money on the transaction, whether that is the listing or selling broker, a title company or law firm. 

TrustFunds DTAH Membership is not required, for companies that do not hold earnest money in their own trust account. For example, if funds are going to be held by the Listing broker and they are signed up with TrustFunds, the Buyer’s broker doesn’t need to be a member, for its agents to generate a payment request for the buyer.

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request