Louisiana License Law
A Louisiana broker who receives an earnest money deposit must place it in an escrow account within:
A24 hours of receipt
B3 business days of acceptance of the offer✓ Correct
C5 business days of receipt
D10 calendar days of closing
Explanation
Louisiana License Law requires that earnest money deposits received by a broker be placed in an escrow (trust) account within 3 business days of the offer's acceptance. Failure to timely deposit trust funds is a violation subject to LREC discipline.
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