Vermont License Law
Vermont licensees who receive an earnest money deposit must deposit it in a trust account within:
A7 business days
B3 business days, as specified in the contract or VREC rules✓ Correct
C30 calendar days
DImmediately upon receipt
Explanation
Vermont licensees must deposit earnest money and other trust funds into the brokerage trust account within the time frame specified in the contract or, absent a contract provision, within 3 business days of receipt.
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