REMOTE EARNEST MONEY DEPOSIT PROCEDURES: (MXGR01- Realtor)
To deposit Earnest Money remotely, one must complete the following items. This protocol must be strictly adhered to as to avoid accounting nightmares and GREC Trust Account compliance issues. Failure to abide by the protocol will result in Remote Deposit Privilege revocation. Here is what Agents need to do remotely:
1. Completely fill in deposit slip(s). A separate Deposit slip must be used for each Earnest Money Deposit. If there are two earnest money checks there should be two deposits with two deposit slips.
2. Endorse the back of the check “Greater Atlanta Realtors LLC”
For Deposit Only
1000101878063
Escrow/Trust”
3. Make copies of the
a. Earnest Money Check
b. Deposit Slip
c. Deposit Receipt.
d. Include: Buyer’s Name, Property Address, Agent’s Name
4. Deposit the Earnest Money into any branch of SunTrust Bank, commonly found in Publix Stores.
5. Upload copies to Paperless Pipeline immediately and email Compliance@MyMaximumOne.com or Fax: 770-919-8865. Must be done same day as Deposit.
6. Upload the Bluesheet, contract, Buyer Brokerage/Customer Acknowledgement & other contract documents to Paperless Pipeline. Contact our Compliance Broker (Compliance@MyMaximumOne.com 770-919-8825 ext 309) if you have any questions.
7. Check Paperless Pipeline & make sure that the Deposit was uploaded.
8. Enjoy the freedom of Virtual Realty: not coming into the office!
I, the undersigned have read and understand the seriousness of accuracy in Remote Earnest Money Deposit Protocol. I understand that if I do not follow the protocol that my privileges may be revoked. I also understand that if there are any fines charged to Maximum One by GREC due to my negligence that I will incur those charges and reimburse Maximum One.
____________________________________________ _____________
MX Associate Signature Date
