North Carolina License Law
A NC broker who receives earnest money must deposit it in a trust account within 3 banking days of:
AReceiving the check from the buyer
BContract acceptance✓ Correct
CThe due diligence period start
DThe closing date
Explanation
Under NCREC rules, earnest money must be deposited in the broker's trust account within 3 banking days of contract acceptance (not of receipt of the funds).
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