West Virginia License Law
A West Virginia broker must deposit earnest money received from a buyer into an escrow account within:
A24 hours of receipt
B3 banking days of receipt✓ Correct
COne week of receipt
DAt the time of closing only
Explanation
West Virginia requires that earnest money deposits received by a broker be placed into a separate escrow or trust account promptly — typically within 3 banking days of receipt — to prevent commingling with the broker's personal funds.
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