Washington License Law
Under Washington law, earnest money received in connection with a real estate transaction must be deposited in a trust account within:
A24 hours of receipt
B1 banking day of receipt
C2 banking days of receipt
D3 banking days of receipt✓ Correct
Explanation
Washington law requires brokers to deposit earnest money into a trust account within three banking days of receipt, or within the time specified in the purchase and sale agreement if earlier.
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