Hi. I'm planning to become a signing agent in Minnesota. I'm a little confused with one of the requirements which is the truss account. Can someone explained to me.
"Trust account waiver. Minn. Stat. § 82.75, subd. 6 requires every applicant for a real estate closing agent’s license to provide a notice of trust account status, including the trust account numbers, at the time of application for the license. An applicant for a real estate closing agent’s license may apply for a waiver of these notice requirements, however, if neither the applicant nor any individual licensed brokers, salespersons, or closing agents who are or may become affiliated with the applicant’s real estate company will receive any trust funds."