Mississippi License Law
A Mississippi real estate licensee must place a buyer's earnest money deposit into the broker's trust account within:
AImmediately upon receipt
B24 hours
C3 business days or as specified in the purchase contract✓ Correct
DThe next banking day after the contract is signed by all parties
Explanation
Mississippi MREC rules generally require that earnest money deposits be placed into the broker's trust account promptly—typically within 3 business days of acceptance of the offer, or as specified in the purchase agreement.
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