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Real Estate Term: Trust Fund Bank Account

Definition:

An account set up by a broker, attorney or other agent at a bank or other recognized depository, into which the broker deposits all funds entrusted to the agent by the principal or others; also called an earnest money or escrow account. (See earnest money, escrow account)
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Marie Flanders is by far the best agent we have ever done business with. There was never a time that she did not go the extra mile to help us. She not only did her job but the work of the other agent's lender and was a friend as well. Marie gave us excellent service. She made what could have been extremely stressful a whole lot easier to deal with. She set our expectations and never gave us false hopes or untruths. Thank you Marie.


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