Kentucky License Law
A Kentucky licensee receives an earnest money deposit. Under KREC rules, the deposit must be placed in a trust account within:
A24 hours
B2 banking days✓ Correct
C3 business days
D5 banking days
Explanation
Kentucky regulations require earnest money and other trust funds to be deposited in a trust account within 2 banking days of receipt. Failure to timely deposit client funds is grounds for disciplinary action.
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