Business, 27.09.2019 00:30, andybiersack154
Tbh realty company is handling the sale of the lopez (seller) home to the bright (buyer) family. the buyers give an earnest money deposit to the brokerage in the amount of $5,000. the money is then deposited into the broker's account at the bank on the seventh business day after receiving the funds. has tbh realty company followed all trust account regulations with the earnest money? a. yes, the money was received and deposited into the broker's account by the seventh business day after receiving the funds. b. no, the broker should have deposited the earnest money into the broker's account within three business days of receiving the funds. c. no, not only should the broker have deposited the earnest money within three business days of receipt of the funds, the money was to have been deposited into the broker's trust fund not the broker's account. d. no, the broker should have deposited the earnest money into the broker's trust fund not the broker's account within the seven days allotted after receipt of funds.
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Tbh realty company is handling the sale of the lopez (seller) home to the bright (buyer) family. the...
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