Ontario Real Estate Licensing Exam Practice · Question
Deposits received by an Ontario brokerage must be placed in a trust account within how many business days?
Under TRESA, deposits must be deposited in the real estate trust account within 5 business days.
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Question: Deposits received by an Ontario brokerage must be placed in a trust account within how many business days?
Answer options:
- 1
- 2 ✅ 5
- 10
Correct answer: 5
Explanation: Under TRESA, deposits must be deposited in the real estate trust account within 5 business days.
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