Idaho License Law
Under Idaho law, a broker who holds client funds must deposit them into a trust account within:
A1 banking day
B3 banking days✓ Correct
C5 banking days
D7 banking days
Explanation
Idaho real estate law requires that a broker deposit client funds into a separate trust (escrow) account within 3 banking days of receipt to prevent commingling.
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Key Terms to Know
State-Specific Concepts
Trust Account Rules
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