Secure Your Real Estate Transactions
Earnest Money Deposits
Discover seamless solutions for depositing earnest money with our tailored options designed for real estate agents and their clients.
Understanding Earnest Money
How to Deposit Earnest Money
Choose the best method for your client’s earnest money deposit from the options below.
1
Schedule an Appointment
Arrange a time for either yourself or your client to drop off the earnest money check at our office. Ensure all necessary details are provided for a smooth transaction.
2
Wire Transfer
Download our wiring instructions, fill out the required information, and send the completed form to your client. After the wire is complete, submit the form to our accounting team and upload it to your SkySlope file.
3
Use the Earnnest App
Guide your clients to download the Earnnest app for a convenient and secure way to send their earnest money. Refer to the ‘Earnnest App Training’ in Agent University for more details.
Option 1: Schedule an Appointment
For a seamless transaction, agents can schedule an appointment to drop off earnest money checks. Whether you or your client will be delivering the check, please ensure the appointment is confirmed. This process ensures that all necessary information is collected and the check is deposited promptly. Remember, checks brought without an appointment will not be processed until all details are verified.
Option 2: Wire Transfer
Agents can facilitate earnest money deposits through wire transfers. This method is secure and efficient, allowing clients to send funds directly to our account. Please download the wiring instructions PDF, complete the necessary fields, and forward it to your client. After the wire is completed, send the form to accounting@reeut.com and docs@reeut.com, and upload it to your SkySlope file.
Ensure your client has all the information needed for the wire transfer. Double-check the details to avoid any delays. Once the transfer is initiated, keep track of the transaction and confirm receipt with our accounting team.
Option 3: Use the Earnnest App
The Earnnest App offers a modern solution for earnest money deposits. Agents can guide their clients to download the app, which simplifies the process and provides a secure platform for sending funds. This option is convenient and aligns with the digital preferences of many clients today.
App Instructions for Clients
Direct your clients to download the Earnnest App from their respective app store. Once installed, they can follow the in-app instructions to complete the earnest money deposit. Encourage them to review the ‘Earnnest App Training’ available in Agent University for a comprehensive understanding of the process.
Common Questions About Earnest Money Deposits
What is earnest money and why is it important?
Earnest money is a deposit made to demonstrate a buyer’s commitment to purchasing a property. It shows the seller that the buyer is serious and can help secure the transaction.
How can agents schedule an appointment to drop off earnest money?
Agents can schedule an appointment by contacting our office directly. It’s important to specify whether the agent or their client will be dropping off the check.
What are the steps for wiring earnest money?
To wire earnest money, agents should download our wiring instructions PDF, fill out the necessary details, and send it to their clients. Once the wire is complete, the form should be sent to accounting@reeut.com and docs@reeut.com, and uploaded to the SkySlope file.
How does the Earnnest app work for earnest money deposits?
The Earnnest app allows clients to send earnest money digitally. Agents should guide their clients to download the app and refer to the ‘Earnnest App Training’ in Agent University for detailed instructions.
What happens if an earnest money check is brought without an appointment?
Checks brought to the office without an appointment will not be processed until the necessary appointment is made and all required information is provided.