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All funds received by a broker on behalf of his / her principal must be deposited in an escrow or trust account within:
A. one business day of receiving all signatures.
B. three days of receiving the offer.
C. three days of obtaining all signatures for the contract.
D. five working days of receiving the offer.
These funds must be deposited into a trust account within one business day after the final signature is obtained.
 
 
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Educating realtors for 20 years
 
 
Exam Details
 
 
Illinois Specific Broker Real Estate Exam.
Taken: 376 times
Added: 9/16/2008
Liked: 1 time
Audience: Professional
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Real Estate License
Real Estate License
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This is a study group dedicated to those wishing to become real estate Sales Agents or brokers.
 
 
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