Florida Real Estate Practice Exam 2025 – The Complete All-in-One Guide to Master Your Exam Success!

Question: 1 / 400

By when must a broker deposit escrow funds received on a Tuesday?

Friday

A broker must deposit escrow funds received on a Tuesday by Friday. This is because the law requires brokers to deposit escrow funds into a trust account within three business days, and Friday would be the third business day after receiving the funds on Tuesday. The other options, such as the following Monday, the next day, or Thursday, do not comply with the required three business day timeframe. Depositing on Monday would only be within two business days, the next day would be within one business day, and Thursday would be four business days later. Therefore, A is the correct answer.

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The following Monday

The next day

Thursday

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