Good-Faith Doubt (Escrow)

Definition: A broker's honest uncertainty about which party is entitled to escrowed money or property.

Example

A broker cannot determine who is entitled to a deposit under the contract and follows the applicable escrow-dispute procedure.

Keep the distinction clear

Good-faith doubt can exist without both parties making conflicting demands. It does not authorize the broker to keep the money or ignore required procedures.

Related terms

Conflicting Demands · Escrow Disbursement Order (EDO) · Interpleader

Keep studying

FREC Course I Syllabus

References: Florida Statutes 475.25(1)(d)