California Real Estate Practice Exam

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Prepare effectively for the California Real Estate Exam with comprehensive quizzes, flashcards, and detailed explanations. Enhance your knowledge of real estate principles, laws, and regulations essential for passing the exam.

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How long may a deposit be held before an offer is accepted, before it must be deposited in the broker's trust fund?

Indefinitely
24 hours
72 hours
7 days

The correct answer is: Indefinitely

A deposit may be held for any length of time before an offer is accepted. However, once the offer is accepted, the deposit must be deposited into the broker's trust fund within the time frame specified by state laws and regulations. Options B, C, and D suggest specific time frames, while option A allows for any length of time, making it the most accurate choice.