6c1c7539_Georgia_Real_Estate_Infobase__2
[1] (f) [2] 
ANY FUNDS ADVANCED BY A PARTY FOR ANY EXPENSES CONNECTED WITH A REAL ESTATE CLOSING OR PROPERTY MANAGEMENT - A party may pay a broker in advance for an appraisal, a credit report, or for some repair work to be done on a property. The broker must then hold the funds in a trust account until the broker pays the proper person. When a broker conducts the closing of a transaction, he or she may collect funds such as the down payment from the buyer, the loan proceeds, and payment from the seller for the termite inspection and then disburse those funds to the appropriate parties. These, too, are trust funds.
Georgia Real Estate Infobase
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