An office manager in Cary is updating the policy manual on trust money receipt, deposit timing, and exceptions. Which statement best applies under current North Carolina law?
Correct Answer
A) A due diligence fee made payable directly to the seller is not deposited into the broker's trust account merely because it is delivered with the contract.
A due diligence fee made payable directly to the seller is not deposited into the broker's trust account merely because it is delivered with the contract.
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