Question: Assuming there is no specific statement in the offer regarding its deposit, accord deposited in an escrow or trust account after an offer is accepted?

Assuming there is no specific statement in the offer regarding its deposit, accord deposited in an escrow or trust account after an offer is accepted?
A. Promptly upon acceptance of the offer.
B. The next business day.
C. Within 5 business days.
D. Within 7 business days.
Assuming there is no specific statement in the offer regarding its

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Assuming there is no specific statement in the offer regarding its deposit, according to tie Rules of the Terresus Real Estate Commission, how soon MUST earnest money be deposited in an escrow or...

Q:

Question 1 & Explain Answer Please A listing licensee would be in violation of the Tennessee Residential Property Disclosure Act if which of the following facts known by him were NOT disclosed to the...

Q:

How can you fill out this purchase agreement? Fill out hypothetical purchase contract Nebraska Purchase Agreement Typed.docx Download Nebraska Purchase Agreement Typed.docx using data and information...

Q:

Blank Check Problem. Takeover, Inc. is a Delaware corporation whose only stated purpose is to acquire companies.It has virtually no assets and no employees other than the original founders who...

Q:

USING THE SAMPLE CONTRACT PROJECT SCENARIO BELOW; Address this contractual Analysis A . Briefly explain your interpretation of how intellectual property is addressed within the contract, and justify...

Q:

Question: A real estate sales agent may be employed by: a) any member of the public. b) their broker. c) Bo... (5 bookmarks) A real estate sales agent may be employed by: a) any member of the public....

Q:

Question 1 1 pts A broker brings his seller an offer from a potential buyer. If the seller asks about the buyer's race, the broker: Group of answer choices must disclose this information to the...

Q:

Residential Contract For Sale And Purchase THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR LY, FloridaRealtors PARTIES: ("Seller") and ("Buyer"), agree that Seller shall sell...

Q:

Chapter 9 Performance Management Skills A leader becomes complete only after giving something back. LAURENCE S. LYONS LEARNING OBJECTIVES By the end of this chapter, you will be able to do the...

Q:

Question 1 To be effective, an offer must: Group of answer choices None of these. be sufficiently definite and certain. manifest an intent to enter into a contract. All of these. be communicated to...

Q:

In 2008, 46% of business owners gave a holiday gift to their employees. A 2009 survey of business owners indicated that 35% plan to provide a holiday gift to their employees. Suppose the survey...

Q:

Ogden Corporation uses a job order costing system in its manufacturing operation. For the year 2011, Ogdens predetermined overhead rate was 75% of direct labor costs. For September 2012, the company...

Q:

Which of the following transactions that involve cash flows typically is ( are ) not reported on a SCF ? Multiple choice question. sale of cash equivalents sale of short - term investments sale of...

Q:

Question 2: (a). The annual audit of companies has evolved over time to add credibility to the financial statements and has become a key feature of company law all over the world. Required: i....