Connecticut License Law
A Connecticut broker receives trust funds from a buyer's earnest money deposit. The broker must deposit these funds into the escrow account within:
A7 calendar days of receipt
B3 business days of receipt
CWithin a reasonable time, typically within 1-3 business days, per Commission rules✓ Correct
D30 calendar days of receipt
Explanation
Connecticut Real Estate Commission regulations require that licensees deposit client funds into the trust/escrow account promptly—within a reasonable time, typically defined as within 1-3 business days of receipt. Failure to deposit promptly is commingling and violates license law.
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