A buyer representative in Winston-Salem is preparing an exam-prep note on trust money receipt, deposit timing, and exceptions. Which statement best applies under current North Carolina law?
Correct Answer
A) Trust money may be received in different negotiable forms, but the broker still must handle and record it according to the Commission rules.
Trust money may be received in different negotiable forms, but the broker still must handle and record it according to the Commission rules.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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