A real estate brokerage receives a $50,000 deposit on a Friday evening. According to trust account regulations, by when must this deposit be placed in the trust account?
Correct Answer
C) By the end of the next business day
Trust account regulations typically require deposits to be placed in the trust account by the end of the next business day after receipt. Since the deposit was received Friday evening, it must be deposited by the end of the following Monday.
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