California Real Estate Practice Exam

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Study for the California Real Estate Exam with confidence. Engage with interactive questions designed to enhance your understanding of real estate principles, laws, and practices. Prepare thoroughly for your licensing test and ensure you have the knowledge to succeed in your real estate career!

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How long does a broker have to place a buyer's deposit check into an escrow account after an offer's acceptance?

One business day
Two business days
Three business days
Five business days

The correct answer is: Three business days

After an offer has been accepted, a broker has three business days to place the buyer's deposit check into an escrow account. Option A and B are incorrect because they provide a shorter amount of time than the correct answer. Option D is incorrect because it provides a longer amount of time, which could potentially delay the closing process.