New Hampshire License Law
A NH broker who receives an earnest money deposit must deposit it into the trust account:
AWithin 30 days of receipt
BWithin a reasonable period as defined by NHREC rules (typically within 3 business days)✓ Correct
COnly after the contract becomes unconditional
DAt closing
Explanation
NHREC rules require brokers to deposit funds received on behalf of clients into a trust account within a reasonable period — typically within 3 business days of receipt — not held in escrow for days or weeks.
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