Arkansas License Law
When an Arkansas broker receives earnest money from a buyer, the funds must be deposited:
AImmediately upon receipt
BWithin 3 business days✓ Correct
CWithin 7 calendar days
DAt closing only
Explanation
Arkansas requires that earnest money and other client funds be deposited in the trust account within 3 business days of receipt or acceptance of the offer, whichever is later.
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