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If no civil action, how many days after termination may the broker disburse the monies?

a) 10 days.
b) 20 days.
c) 30 days.
d) 45 days.

1 Answer

4 votes

Final answer:

If no civil action is taken regarding the funds held by a real estate broker, the funds are typically disbursed 30 days after the termination of the contract.

Step-by-step explanation:

In the context of real estate transactions, if no civil action has been filed regarding the dispute of funds held by a real estate broker, the broker may disburse the monies after a certain period following the termination of the contract. This period varies depending on the state's laws and regulations but typically.

A broker should wait for a clear resolution or a prescribed time designated by state statutes before disbursement. The most common time frame for the disbursal of funds in such a scenario is 30 days after the termination of the contract if no civil action has been initiated. Therefore, the answer to the question would be (c) 30 days.

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