Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - A sales associate must deliver an escrow deposit to their broker by the end of the next business day. - A broker has until the end of the third business day, from when the sales associate first received it, to deposit the funds. - The three-day deposit clock for the broker starts upon the sales associate's receipt, not the broker's. - Business days for escrow deadlines exclude weekends and legal holidays, a frequent exam trap. - Accepting a postdated check as a deposit requires the seller's prior written consent. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep