Contracts
In Arizona, earnest money deposited into the broker's trust account must be deposited within:
A24 hours of receipt
B3 business days of contract acceptance✓ Correct
C5 banking days of contract acceptance
D7 calendar days of contract acceptance
Explanation
Under Arizona law and AAR contract standards, earnest money must be deposited into the broker's trust account within 3 business days of contract acceptance.
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