Q: I’m a broker who holds escrow, and I currently have an escrow dispute over a $100,000 deposit. Will FREC issue an Escrow Disbursement Order for this amount?
A: No. FREC won’t issue EDOs for amounts that exceed $50,000. If your disputed amount exceeds $50,000, you should interplead the funds. Or, with the parties’ consent, you could also submit the matter to either mediation or arbitration.