Agency
A Florida seller's agent receives a deposit check from a buyer. The agent hands it to the broker within one business day. The broker has how many additional business days to deposit it in escrow?
A1 additional business day
B3 business days from receipt by the broker✓ Correct
C5 business days
D10 calendar days
Explanation
Once a Florida broker receives the earnest money deposit (after the sales associate delivers it within one business day), the broker has 3 business days from receipt to deposit the funds into the escrow account.
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