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Practice Of Real EstateLicense LawMEDIUM

When must a broker deposit transactional funds into a trust account in Georgia?

Correct Answer

C) As soon as possible unless contract states otherwise

Funds must be deposited promptly.

Answer Options
A
After 3 business days
B
After 5 business days
C
As soon as possible unless contract states otherwise
D
After all party signatures
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Related Topics & Key Terms

Related Topics:

trust-account-managementbroker-fiduciary-dutiesreal-estate-contract-terms

Key Terms:

trust accountearnest money depositGeorgia License Lawcomminglingescrow
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