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Florida Real Estate Exam

Category - Florida

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In Florida, the term "immediately" as it applies to brokers and the deposit of escrow funds is defined to mean:

Not later than the end of the next business day
Not later than the end of the third business day
Not later than the end of the third calendar day
Within 24 hours

Explanation

Answer B - Immediately for brokers is defined as not later than the end of the third business day following receipt of a deposit by a sales associate or employee of the brokerage firm.

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