For the Nebraska salesperson state exam, how should a candidate treat a Nebraska broker receives earnest money after an offer is accepted in writing?
Correct Answer
B) The trust-account manual guidance uses deposit within 72 hours or before the end of the next banking day after written acceptance unless the purchase agreement provides otherwise
Nebraska trust-account guidance uses a 72-hour or next-banking-day deposit rule after written acceptance, subject to the purchase agreement. Source basis: Neb. Rev. Stat. §81-885.24 and Nebraska Real Estate Commission Trust Account Manual guidance; checked 2026-04-30
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Related Topics & Key Terms
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Key Terms:
Related Concepts
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
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