Contracts
A Wisconsin buyer submits an offer on a property with an earnest money check for $5,000. The seller accepts the offer. When should the earnest money check be deposited?
AImmediately upon receipt of the offer
BWithin 2 business days of acceptance✓ Correct
COn the closing date
DWithin 10 days of acceptance
Explanation
Wisconsin law requires earnest money to be deposited into the broker's trust account within 2 business days of offer acceptance.
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