Missouri License Law
A Missouri broker who accepts an earnest money deposit must deposit it into the trust account within:
A24 hours of receipt
BA reasonable time after receipt, as specified by MREC rules (typically within the contract's specified time or the next business day if not specified)✓ Correct
C7 days
D30 days
Explanation
Missouri MREC rules require brokers to deposit trust funds promptly—within the time specified in the contract, or if not specified, as soon as practicable (typically the next business day).
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