Under the Real Estate Commission rules, when a listing broker receives an earnest money deposit on a residential sales contract, he must deposit the earnest money in his trust account:_______.

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28-02-2020
Social Studies

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Under the Real Estate Commission rules, when a listing broker receives an earnest money deposit on a residential sales contract, he must deposit the earnest money in his trust account:_______.

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imustapha180 imustapha180 · Answer 1 · 2020-03-02T03:15:47+01:00

imustapha180 imustapha180

02-03-2020

Answer: According to the real estate commission rules must be, he must deposit the earnest money deposited in a trust account no later than three business days after acceptance of the contract, unless the buyer and seller instruct the broker in writing to do something different.

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