Escrow Management & Earnest Money Transfer
Safe, transparent handling of earnest money and transaction funds
How Escrow Works
The platform does not hold or manage buyer earnest money or other transaction funds directly. Instead, it coordinates transfers to licensed escrow providers and maintains a transparent record of all fund movements for both buyers and sellers.
Direct Transfer to Licensed Providers
When an offer is accepted, the platform notifies the buyer and facilitates the direct transfer of earnest money to a licensed third-party escrow provider. The platform never touches the funds.
Secure Fund Transfers
The platform facilitates the transfer of buyer earnest money, deposits, and closing funds directly to licensed third-party escrow companies. ListifyPro does not hold or maintain custody of funds — all payments are routed securely to your designated escrow provider.
Payment Initiation
The platform provides instructions to buyers for fund transfer and confirms receipt from the escrow provider. Payment methods may include ACH, wire, or check, depending on the escrow provider's capabilities.
Escrow Provider Responsibility
The escrow provider is solely responsible for receiving, holding, and disbursing funds according to the transaction agreement and applicable law. The platform does not control these functions.
Transaction Coordination Only
The platform tracks the status of earnest money (submitted, received, held, released) and notifies both parties of updates. However, the actual handling of funds remains with the escrow provider.
Data Accuracy
The platform records and reports escrow status based on information received from the escrow provider. If discrepancies arise, the escrow provider's records are the source of truth.
Legal & Compliance
User Acknowledgment
Both buyers and sellers acknowledge that earnest money is held by a licensed escrow provider, not the platform. You have read and understood the escrow provider's terms and fees.
Errors & Delays
The platform is not liable for errors, delays, or failures in fund transfer, including delays caused by the buyer's financial institution, the escrow provider, or banking systems. Standard ACH transfers take 3-5 business days.
Limitation of Liability
The platform is not liable for: (1) lost, delayed, or misdirected funds; (2) escrow provider errors; (3) buyer or seller disputes over fund disbursement; (4) tax implications of escrow handling; or (5) any indirect or consequential damages arising from escrow transactions.
No Advice
The platform does not provide tax, financial, or legal advice regarding earnest money, escrow, or fund handling. Consult with a qualified accountant or attorney for guidance specific to your transaction.
Audit Trail
All escrow-related communication, instructions, and status updates are logged in the platform for transparency. Both buyer and seller can access this record at any time during the transaction.
Platform Role Disclaimer
The platform is a coordinator and informational tool, not a party to the escrow agreement. The actual agreement for fund handling is between the buyer, seller, and the licensed escrow provider.
Earnest Money Definition
Earnest money is the buyer's good-faith deposit to demonstrate serious intent to purchase. The amount, terms, and conditions for release are determined by the purchase agreement and state law, not by the platform.
Important: Escrow is a critical part of real estate transactions. Before authorizing any fund transfer, verify:
- • The escrow provider is licensed and legitimate
- • Wire/ACH instructions come directly from the escrow provider, not email
- • Your purchase agreement clearly defines earnest money terms
- • You understand the conditions for release or return of earnest money