Trust account funds must be deposited within how many days in Kansas?
Question & Answer
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5
7
7 days is a common distractor that appears in other states' trust account statutes and may reflect a calendar-day rather than business-day framework used elsewhere; it does not match Kansas's specific 5-business-day requirement.
10
10 days significantly exceeds Kansas's required deposit timeline and would leave client funds unprotected and commingled with broker operating funds for an unnecessarily extended period, which Kansas law specifically seeks to prevent.
14
14 days — two full weeks — is far beyond the deposit deadline established by Kansas statute and would represent a serious compliance failure if a broker waited this long to deposit trust funds received at contract signing.
Why is this correct?
Under Kansas Statute § 58-3062 and Kansas Real Estate Commission (KREC) regulations, a broker must deposit trust funds — including earnest money received in connection with a real estate transaction — into a trust account within five business days from the date of contract execution. This strict timeline is designed to protect consumers and maintain the integrity of the transaction by ensuring funds are properly segregated and safeguarded.
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