By what time must a broker deposit escrow funds after receiving them from a sales associate?

A broker must deposit escrow funds by the end of the third business day after receiving them from a sales associate. This regulation is in place to ensure that client funds are handled promptly and securely. Timely deposit of escrow funds reflects the broker's commitment to maintaining transparency and trust in real estate transactions. This timeframe helps protect the interests of all parties involved and ensures compliance with regulatory standards.

In contrast, depositing funds by the end of the next business day would not allow sufficient time for the broker to process the funds correctly, given the operational procedures that may be necessary. Similarly, depositing by the end of the week or the end of the month would not align with the best practices for handling escrow funds in a timely manner, which could lead to complications and potential disputes in the transaction process.