Kim-Jae is a sales associate who receives escrow funds on Monday. She gives them to her broker on Tuesday.  If her broker deposits the funds on the following Monday, did she meet the required timeline? No, the broker should have deposited the funds by Wednesday.  Yes, the broker deposited the funds within the correct time frame.  No, the broker should have deposited the funds by Friday.  No, the broker should have deposited the funds by Thursday.

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Kim-Jae is a sales associate who receives escrow funds on Monday. She gives them to her broker on Tuesday. 

If her broker deposits the funds on the following Monday, did she meet the required timeline?

  • No, the broker should have deposited the funds by Wednesday. 
  • Yes, the broker deposited the funds within the correct time frame. 
  • No, the broker should have deposited the funds by Friday. 
  • No, the broker should have deposited the funds by Thursday.

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