In a Tampa transaction, a buyer wants the Florida rule on when receipt by a sales associate counts as receipt by the broker. Which statement is correct?
Correct Answer
A) For broker escrow deposits, 'immediately' means no later than the end of the third business day after receipt.
For broker escrow deposits, 'immediately' means no later than the end of the third business day after receipt. This follows Rule 61J2-14.008, F.A.C.; F.S. § 475.25; FREC Real Estate Law Book; DBPR Bureau of Enforcement FAQs.
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