Ecrow management + Owning managing and supervising RE brokerage

Question 1

A dispute resolution technique in which a third party assists the parties to negotiate a settlement

Answer 1

Mediation

Question 2

Uncertainty as to what person is entitled to the accounting and delivery of escrowed property

Answer 2

Good faith deposit

Question 3

The illegal act by a real estate broker of mixing client or customer funds with personal funds

Answer 3

commingling

Question 4

A process of settling a disagreement in which the people on both sides present their opinions and ideas to a qualified third person who makes a decision in the matter

Answer 4

Arbitration

Question 5

When different parties to a transaction each claim to have the right to receive trust funds

Answer 5

conflicting demands

Question 6

A commission order specifying who is entitled to escrowed property

Answer 6

Escrow disbursement order - EDO

Question 7

Retaining money or another item of value that belongs to another person

Answer 7

Conversion