By when must a sales associate deliver a deposit to their broker or employer?

A sales associate is required to deliver a deposit to their broker or employer at the end of the business day following receipt. This timeline ensures that funds are handled promptly and securely within the real estate transaction process. Timely delivery of deposits is crucial in maintaining trust and transparency in real estate dealings and ensuring compliance with legal requirements.

Following this guideline helps to mitigate potential issues related to the handling of clients' funds, ensuring that the deposit is safeguarded and properly accounted for in accordance with the state's regulations. Timeliness in delivering deposits also reflects the professionalism and reliability of the sales associate in their duties, contributing positively to their reputation and that of their brokerage.