Oregon License Law
Oregon requires that an earnest money deposit from a buyer be deposited into a trust account within how many banking days of receipt?
A1 banking day
B3 banking days✓ Correct
C5 banking days
D7 banking days
Explanation
Under OREA rules, earnest money received by an Oregon licensee must be deposited into the brokerage's trust account within 3 banking days of receipt (or acceptance of the offer, depending on agreement terms). Timely deposit protects client funds and is a regulatory requirement enforced by OREA.
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