Practice Of Real EstateLicense LawHARD
In North Carolina practice, what term or document matches this description about trust money receipt, deposit timing, and exceptions? Match the description to the correct term. Description: Money received by a broker in a fiduciary capacity for others, such as earnest money or rental deposits, that triggers trust-account handling rules.
Correct Answer
D) Trust money under current North Carolina rules
Trust money
Answer Options
A
Due diligence fee payable to sellerB
Referral bonus under current North Carolina rulesC
Excise stamp tax under current North Carolina rulesD
Trust money under current North Carolina rulesWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Key Terms:
trust moneyfiduciary capacityearnest moneysecurity deposittrust account
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