[Georgia Real Estate] 21, Earnest Money and Trust Accounts

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

- The legal distinction between national principles of contractual consideration and earnest money deposits.

- Georgia statutory requirements for brokers opening and registering federally insured trust accounts under Rule 520-1-.08.

- The salesperson duty to deliver trust funds to their affiliated broker as soon after receipt as practicably possible.

- Key legal differences between illegal commingling and conversion of client funds.

- How to avoid exam traps regarding contract validity when earnest money is omitted or delayed.

OpenExamPrep provides independent preparation resources and study tools for real estate license candidates. Practice questions and video tutorials are available at https://open-exam-prep.com/practice/ga-real-estate and https://www.youtube.com/@Open-exam-prep .

Sources checked: September 14, 2026

https://rules.sos.ga.gov/gac/520-1

https://grec.state.ga.us/