Oklahoma License Law
Under Oklahoma law, how quickly must a broker deposit earnest money into a trust account after receiving it?
AImmediately upon receipt
BWithin 1 business day
CWithin 3 business days✓ Correct
DWithin 5 business days
Explanation
Oklahoma requires that earnest money or other client funds be deposited into the broker's trust account within 3 business days of receipt. Failure to timely deposit is a license law violation.
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