Exams
Pricing
Jobs & Salary
Study Guide
Log in
Start Free
Exams
/
NT Real Estate Agent Licence Exam
/
Flashcards
Stacked preview deck
NT Real Estate Agent Licence Exam Flashcards
NT Real Estate Agent Licence Exam
1 / 20 free preview cards - 600 total
Front
What is the maximum deposit an agent can hold in a trust account without obtaining proper authority in the NT?
Click the card to flip it.
Back
Under NT legislation, a deposit of 10% or more of the purchase price generally must be held in a trust account, and the agent must obtain the seller's written authority before releasing any deposit to the seller. No specific maximum percentage is set, but deposits above 10% require careful handling.
Previous
Next Flashcard