Nebraska License Law
Nebraska law requires a broker to promptly account for and remit to the proper parties all money or property received in a real estate transaction. 'Promptly' typically means:
AWithin 7 calendar days
BAs soon as is practically possible, often the next banking day✓ Correct
CWithin the same month the transaction closes
DWithin 30 days of closing
Explanation
Trust funds must be deposited and disbursed promptly. Brokers are generally expected to deposit trust funds the next banking day and disburse closing proceeds as soon as practically possible after closing conditions are met.
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