Is there an exception to the requirement of depositing trust funds within three business days of receipt?
a. No, it is the law so there are no exceptions.
b. Yes, if the broker feels it would be a hardship on the buyer.
c. Yes, if the offeror stipulates that the check is to remain uncashed until the acceptance of the offer and the offeree has been so notified.
d. Yes, even after acceptance the broker can still hold the check and cash regardless of the wishes of the offeree.
Answer: c. Yes, if the offeror stipulates that the check is to remain uncashed until the acceptance of the offer and the offeree has been so notified.
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