A Mooresville broker is updating the policy manual on trust deposit timing and negotiable instruments. Which statement best applies under current North Carolina law?
Correct Answer
B) A check payable directly to the seller, such as many due diligence fees, is handled differently from earnest money payable to an escrow agent.
A check payable directly to the seller, such as many due diligence fees, is handled differently from earnest money payable to an escrow agent.
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