Final answer:
A broker typically has three business days to place a buyer's deposit check into an escrow account after accepting an offer.
Step-by-step explanation:
When a broker accepts an offer, they typically have a certain timeframe to place the buyer's deposit check into an escrow account. The specific length of this timeframe may vary depending on the terms of the agreement or local regulations. However, a common timeframe is three business days.
During these three business days, the broker is responsible for ensuring that the buyer's deposit check is properly deposited into an escrow account, which is a neutral third-party account that holds the funds until the closing of the transaction.
Placing the deposit check into an escrow account is a crucial step in the home-buying process, as it helps protect the buyer's funds and ensures that the transaction proceeds smoothly.