BDAR AND LOBR PARTNER WITH TRUSTFUNDS TO PROVIDE EASIER EARNEST MONEY MANAGEMENT

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January 25, 2022

Bagnell Dam Association of REALTORS® (BDAR) and Lake of the Ozarks Board of REALTORS® (LOBR) are pleased to announce that they are partnering with TrustFunds to provide its members the ability to easily request, send and receive electronic earnest money.

TrustFunds, which will debut in the Lake of the Ozarks MLS early first quarter, adds yet another way for subscribers in the MLS service area to enhance their businesses.

“This is a great opportunity for us to provide a best-in-class product while also increasing security and improving process.” said David Payne, Lake of the Ozarks Executive Director. “As the real estate transaction continues to become more digital, we want to find partners that will make our subscribers’ businesses easier and more efficient.” said Cindy Imhoff, Bagnell Dam Executive Vice President.

During a historic real estate boom and a global pandemic, the need for efficiency, convenience and contactless business is essential. With electronic earnest money, this will help members save hours of manual effort required to collect, handle and process earnest money payments. Further, TrustFunds’ electronic earnest money solution is integrated right into the MLS platform, so agents will not have to leave the MLS to make earnest money requests.

“We are pleased to have BDAR and LOBR join other industry leading MLS providers to offer our electronic earnest money services,” says Lynn Leegard, President and Founder of TrustFunds. “We’re confident their members and buyers will all love the convenience of TrustFunds.”

Title companies that hold earnest money have already begun registering to accept electronic earnest money through TrustFunds. Agents will be able to submit earnest money requests early first quarter.

ABOUT TRUSTFUNDS

TrustFunds provides a comprehensive electronic earnest money solution directly integrated with the MLS platform. Agents don’t have to log into a different system or vet the security of a solution themselves – TrustFunds is market-wide in their partnership with the MLS. TrustFunds’ mission is to provide customers more time for more life by simplifying and securing the earnest money process.  For more information, visit www.trustfunds.us.com.

ABOUT LAKE OF THE OZARKS BOARD OF REALTORS®

The Lake of the Ozarks Board of REALTORS® (LOBR) is a trade association that includes over 370 REALTORS® and Multiple Listing Service members. The Board was incorporated in the State of Missouri in 1947 and chartered by the National Association of REALTORS® in 1948. LOBR unites those engaged in the real estate profession and advocates for the rights of home-ownership. For more information, please visit www.lobr.net.

ABOUT BAGNELL DAM ASSOCIATION OF REALTORS®

Bagnell Dam Association of REALTORS® (BDAR) is an organization that includes more than 640 REALTORS®. BDAR’s mission is to provide education, services and tools which allow members to better serve their industry and the community both professionally and ethically. BDAR promotes and protects the right to own, transfer and use real property. For more information, please visit https://thelanding.missourirealtor.org/bdar/home.

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