Practice Of Real EstateTrust AccountsMEDIUM
For disputed earnest money and the clerk-of-court procedure, identify the North Carolina term or document described here. Description: The North Carolina waiting period after notice before a broker may attempt to deposit disputed earnest money with the clerk of court.
Correct Answer
B) 90 days under current North Carolina rules
90 days
Answer Options
A
1 year under current North Carolina rulesB
90 days under current North Carolina rulesC
10 days under current North Carolina rulesD
3 banking days 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:
90_days_noticedefinitiondifficulty_3disputed_earnest_money_and_clerk_of_courtnc_statenc_trust_account_escrow_requirementsnorth_carolinascenario_traps_edge_cases_and_enforcement
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