Florida License Law
Under Florida law, a real estate licensee who receives a deposit must give it to the broker:
AWithin 24 hours
BNo later than the end of the next business day after receiving the funds✓ Correct
CWithin 3 business days
DBefore the contract is signed
Explanation
When a sales associate receives a deposit, they must deliver it to the broker no later than the end of the next business day. The broker then has 3 business days from receipt to deposit it into escrow.
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