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hi in this lesson were going to talk about article three of the real estate code which deals with regulation of licensees the first thing we want to talk about is handling money disposition of funds and what Arizona law says is that once we receive money from clients that were supposed to deposit that money immediately either in the brokers trust account or with a license escrow company here in the state of Arizona so lets take an example where you receive $5,000 in earnest money from a buyer and today is Monday well we receive it at Monday at 3 oclock so in that example it would have to be turned over to the broker and deposited no later than 5 oclock on Tuesday now what Id like you to realize is that oftentimes that is impractical why because the buyer gives you that earnest money you have the offer and now you want that offer to be presented to the seller but the seller is unavailable or the seller receives the seller and the sellers agent received that offer but they make a