Contracts
The TREC One to Four Family Contract requires the buyer to deposit earnest money no later than:
AThe day the contract is signed
B3 calendar days after the effective date of the contract✓ Correct
C5 business days after the effective date of the contract
D10 days after the effective date of the contract
Explanation
Under the standard TREC One to Four Family Contract, the buyer must deposit earnest money within 3 days after the effective date of the contract unless the parties specify a different timeline.
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