Wyoming License Law
A Wyoming broker who receives earnest money must deposit it into a trust account within:
A24 hours of receipt
BThe time frame specified by the WREC rules, typically within a few business days✓ Correct
C30 days of receipt
DAt closing, whenever that occurs
Explanation
Wyoming WREC rules require brokers to deposit client funds (including earnest money) into a trust account in a timely manner—typically within a few business days of receipt. The specific time requirements are set by WREC rules and must be followed to avoid trust fund handling violations.
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