Florida Real Estate Practice Exam

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How many additional days are brokers given to notify the seller about escrow fund status?

10 days
15 days
20 days
Five days

The correct answer is: 10 days

Brokers are given an additional 10 days to notify the seller about the status of escrow funds. This is important because it allows for any potential delays or issues to be addressed before the escrow period ends. Option B, 15 days, is not the correct answer because it is too long of a time period and could potentially cause unnecessary delays in the escrow process. Option C, 20 days, is also incorrect because it is even longer than option B and could lead to even more delays and potential complications. Option D, five days, is not the correct answer because it is too short of a time period and does not allow enough time for any potential issues to be resolved. Therefore, option A, 10 days, is the most appropriate and reasonable amount of time for brokers to notify the seller about escrow fund status.