Florida License Law
FREC must be notified within how many days when a Florida broker's escrow account is short of required funds?
A3 days
B5 days✓ Correct
C10 days
D30 days
Explanation
Florida law requires brokers to notify FREC within 5 business days if a reconciliation of the escrow account reveals a discrepancy or shortage that cannot be explained. Prompt reporting is required to protect consumer funds.
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