Category Name > VI. SALES PROCEDURES
6.15. No member agency or its agents, nor their Sellers or Developers
No member agency or its agents, nor their Sellers or Developers shall act as Escrow or hold funds guaranteeing the purchase price of the transaction in their company or personal accounts, or those of their agents or employees. When purchase funds are to be held on behalf of the contracting parties for the transaction, only impartial third parties may be used to hold those funds. (Penalty Classification “A)