Arizona License Law
An Arizona licensee deposits earnest money in a trust account. Under Commissioner's Rules, the deposit must be made within:
A1 business day of receipt
B3 business days of receipt✓ Correct
C5 business days of receipt
DBy the close of the next banking day
Explanation
Arizona Commissioner's Rules require that earnest money and other trust funds be deposited into a trust account within 3 business days of receipt by the broker.
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