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62 votes
Michelle Cassidy
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An error occurred while saving the comment An error occurred while saving the comment Michelle Cassidy
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Early release of sales deposits usually go to: Solicitors Trust Accounts, PEXA Property Exchange House or Real Estate Agency Trust Account. All these need Reference Numbers..... Without them your deposit gets lost and settlements are delayed. The current solution is to enter the transfer directly to the bank, making an automatic system using ABA's pointless.
An error occurred while saving the comment Michelle Cassidy
commented
Reference on ABA files..... I can't believe this is not a standard feature! When we release settlement funds to solicitors or to a settlement clearing house they need more than just the Real Estate Agency's Name. I was told I would have to do this through the bank.... which defeats the purpose of having a system that creates ABA files.
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7 votesMichelle Cassidy
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6 votesMichelle Cassidy
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6 votesMichelle Cassidy
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10 votesMichelle Cassidy
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6 votesMichelle Cassidy
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27 votesMichelle Cassidy
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44 votesMichelle Cassidy
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I look up this question frequently, it has been years..... I hope that one day this issue will be addressed and implemented in the system to streamline our processes and improve efficiency. Unfortunately I don't have faith in the process.......