How long does a licensee's broker have to provide the seller's broker with an escrow deposit receipt after making a written request to the title company or attorney?

• A. within 3 business days
• B. within 7 business days
• C. until 10 business days after written request
• D. until 15 business days after written request

Answer: (C)

The key idea is the timeline for obtaining proof of the escrow deposit when the funds are held by a title company or attorney. When a seller’s broker requests the escrow deposit receipt in writing, the licensee’s broker must provide that receipt within 10 business days. This statutory-like timeframe ensures the seller’s agent receives timely confirmation that the funds are in escrow while allowing enough time for the title company or attorney to pull the correct records and prepare the document. Shorter windows, like 3 business days, are too tight for many title companies to complete the process, while longer windows aren’t the standard expectation. The 10‑day period is the balance chosen to keep the transaction moving smoothly.