AgencyMEDIUM
In Ohio, a broker must deposit earnest money within:
Correct Answer
B) 2 business days of acceptance
Ohio requires earnest money to be deposited into the broker's trust account within 2 business days of contract acceptance.
Answer Options
A
24 hoursB
2 business days of acceptanceC
5 business daysD
As specified in the contractVideo Explanation2 min
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Related Topics & Key Terms
Related Topics:
broker-trust-account-requirementsreal-estate-contract-formationohio-real-estate-license-law
Key Terms:
earnest money deposittrust accountOhio Administrative Code 1301:5-6-10business daysbroker fiduciary duty
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