Q: I’m a sales associate preparing an offer for my buyer. A title company is holding the earnest money deposit. What information about this title company must be reflected on a sale and purchase contract?
A: Rule 61J2- 14.008(2)(b), FAC, provides that if a title company or an attorney is maintaining the earnest money deposit, the sale and purchase contract must include the name, address and telephone number of the title company or the attorney. Both the Florida Realtors and the Florida Realtors/Florida Bar contract forms provide spaces designated for this information to be written.