Q: Who is responsible for initiating the Close of Escrow Contribution Program?
A: REALTORS® can either download a Contribution Form or ask their brokers for a copy of the form. They then submit the form to the escrow officer sometime during the escrow period. The escrow officer then simply removes the requested amount of the donation from the commission check and sends it to the Santa Cruz County Association of REALTORS® Housing Foundation.
Q: Do the title companies have the Demand Forms at their offices?
A: The title companies MAY have the forms, however it is the REALTORS® responsibility to obtain a copy before the final closing process to ensure the funds are removed in a timely manner.
Q: How will I know when my client receives the confirmation that I have contributed the donation in their name?
A: When the Santa Cruz County Association of REALTORS® Housing Foundation receives the contribution check from the title company, a thank you letter will be sent to the REALTOR and at the same time a letter will be sent to the seller/buyer.
Q: Will I receive a receipt for my contribution?
A: The thank you letter the REALTOR® receives will include the amount of the contribution along with the tax ID number of the Santa Cruz County Association of REALTORS® Housing Foundation. This letter will serve as your receipt that can be given to your tax accountant at the end of the year.
Please call Katy Clark, Grant Administrator, at 831-464-2000 or [email protected] to learn more about this exciting new program.