Arkansas Real Estate Practice Exam 2025 – Comprehensive Prep Guide

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Question: 1 / 400

When must trust funds be deposited following a real estate contract execution?

Within 10 days

Immediately on receipt

No later than three days following execution

Trust funds must be deposited no later than three days following execution of a real estate contract. This means that option A, within 10 days, is incorrect because it allows for a longer time frame than three days. Option B, immediately on receipt, is also incorrect because it does not specify a time frame and could potentially be longer than three days. Option D, before the closing of the transaction, is incorrect because it does not specify a specific time frame and could also be longer than three days. Only option C specifically states that the trust funds must be deposited within three days, making it the correct answer.

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Before the closing of the transaction

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