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According to the laws, rules, and policies of TREC, licensees must give earnest money to their brokers A) after commingling the money. B) after the purchase agreement has been signed by both parties. C)
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According to the laws, rules, and policies of TREC, licensees must give earnest money to their brokers A) after commingling the money. B) after the purchase agreement has been signed by both parties. C) within 24 hours of a negotiated contract. D) immediately.

User Sakthig
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2 votes

Answer:

D) immediately.

Step-by-step explanation:

The full form of TREC is Texas Real Estate Commission. It is the state agency of the Texas Government which governs the real estate practices in the Texas state.

The functions of the Texas Real Estate Commission or TREC are :

1. Renews Licenses

2. It enforces the laws and regulations regarding the Real Estate.

3. It issue the Real Estate Licenses.

Now according to the TREC laws, the licensee must immediately give the earnest money to the broker for the contract.

User Lovely
by
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