Texas License Law
A Texas broker who receives a client's earnest money must deposit it into a trust account within:
ASame business day
BClose of business on the second business day after receipt✓ Correct
C5 business days
DBefore the option period expires
Explanation
TREC rules require that a broker who receives trust funds (earnest money) must deposit those funds into a trust account no later than the close of business on the second business day after receipt.
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