Louisiana License Law
A Louisiana broker receives an earnest money check from a buyer. The broker must deposit this check:
AInto their personal account temporarily
BInto the brokerage's trust account promptly, typically within 3 business days✓ Correct
CWith the title company immediately
DInto the seller's bank account directly
Explanation
Louisiana brokers must deposit client funds (including earnest money) into the brokerage trust account promptly — typically within 3 business days of receipt. Failure to deposit promptly can constitute a violation of License Law.
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