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Practice Of Real EstateEarnest MoneyMEDIUM

In Nebraska, a Nebraska broker receives earnest money after an offer is accepted in writing. Which statement is correct?

Correct Answer

D) 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

Answer Options
A
The broker may wait until closing to deposit the funds
B
The broker must always deposit before the offer is accepted
C
The broker may keep earnest money in a desk drawer if the parties trust the broker
D
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

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Related Topics & Key Terms

Related Topics:

ne.IIIearnest-money

Key Terms:

nebraskane.IIIearnest-moneyearnest-money-72-hour

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