TX RE Broker Practice Questions - Texas Real Estate Broker Exam

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A broker receives an earnest money check from a buyer. Under TREC rules, by when must the broker deposit the check into the trust account?

By the end of the next business day Within two business days of receipt By the close of business on the second working day after execution of the contract Within five business days of acceptance

Correct Answer:

By the close of business on the second working day after execution of the contract

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