Georgia License Law
Under GREC rules, a broker who receives earnest money must deposit it into a trust account within:
AThe same business day
B3 banking days of receiving it✓ Correct
C7 days of contract execution
D15 days of contract execution
Explanation
GREC requires that earnest money received by a broker be deposited into a trust account within 3 banking days. Prompt deposit prevents commingling issues and protects client funds.
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