|
|
| |
Independent
Escrow Companies (Golden Escrow, Inc.) |
Real
Estate Broker Owned Escrow Departments |
Title
Company Escrow Departments |
Real
Estate Attorney Escrow |
| State of California
Regulating Body |
Department
of Corporations |
Department of Real
Estate |
Department of Insurance |
State Bar Association |
| Manager Escrow Experience |
YES |
NO |
NO |
NO |
| Regular Operational Procedure
Audits |
YES |
NO |
? |
NO |
| Independent Audits Required |
YES |
? |
YES |
NO |
| Deposit Funds Protection |
YES |
? |
YES |
NO |
| Net Worth Requirements |
YES |
NO |
YES |
NO |
| Liquidity Requirements |
YES |
NO |
YES |
NO |
| Escrow License Required |
*YES |
NO |
NO |
NO |
| True Impartiality as a Third Party |
YES |
Doubtful |
Doubtful |
Doubtful |
| Department Of Justice Background
Investigation of ALL Employees |
YES |
NO |
NO |
NO |
| Errors and Omission |
YES |
NO |
NO |
NO |
| Referral Fees |
NO |
YES |
? |
YES |
