Escrow & Title
When a Florida escrow dispute arises and the broker cannot determine to whom the funds belong, the broker may:
ARetain the funds until the parties resolve the dispute in court
BRelease the funds to the seller as default
CMediate, arbitrate, litigate, or disburse to the Florida Real Estate Recovery Fund
DRequest an escrow disbursement order (EDO) from FREC✓ Correct
Explanation
When a Florida escrow dispute cannot be resolved, the broker may: (1) request an Escrow Disbursement Order (EDO) from FREC, (2) initiate mediation, (3) initiate arbitration, or (4) file an interpleader action in court. The EDO is a common first step.
Related Florida Escrow & Title Questions
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