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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Exam Details
Illinois Specific Broker Real Estate Exam.
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Added: 9/16/2008
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Audience: Professional

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Real Estate License
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