A sales associate receives an earnest money deposit on Thursday morning and turns it over to the broker that afternoon. Assuming no legal holidays are involved, the broker has until when to place the earnest money in escrow?
a. The next business day.
b. End of business on Monday of the next week.
c. End of business on Tuesay of the next week.
d. When the sale contract is executed.
Answers: 3
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A sales associate receives an earnest money deposit on Thursday morning and turns it over to the bro...
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