Aurum Title Key Things To Remember | Aurum Title | Texas Commercial Title Company

Aurum Title Key Things To Remember

Earnest Money & Option Fees

Our team of professionals provides competitive escrow and title solutions complemented by a strong tradition of Gold Standard service.

The new TREC Contract requires Earnest Money and Option Fees to be payable and delivered to the Escrow Agent. Contact your Aurum Title Escrow Officer for more information.

  1. Delivery can be either via check, wire or third-party apps.
  2. Make sure checks are made payable to Aurum Title
  3. If the Option Fee is made payable to the Seller, Escrow Agent will be unable to accept, endorse or otherwise deposit.
  4. If the Option Fee delivered to Escrow Agent is payable to the Seller, the Buyer may inadvertently waive their option period if delivery is deemed not timely.
  5. Practice point: Agents please check and double check when picking up a client’s EM or Option Fee to make sure Aurum Title is the named party. Communicate this point when the contract is signed.
  6. Beware of the option fee snare.

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