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Buyer Ralph didn't like the results of an inspection report. He requested to cancel his contract and demanded his earnest money back. Seller Heather denied his request noting that he was one day past the time that was allotted to cancel the contract. Buyer Ralph claimed Seller Heather was miscounting the dates and both demanded that Broker Smith return the money to each of them. Broker Smith waited 15 days, hoping the situation would resolve, before notifying the FREC of the conflicting demands. How long does Broker Smith have left to implement a settlement procedure

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ogorwyne

The number of days that the Broker Smith has to implement a settlement procedure is 15 days.

What is a settlement procedure?

In the real estate business, the process of settlement has to do with the process of transfer of real estate from the one who is selling to the one buying.

The number of days that the broker has waited is 15 days. This is also the number of days that it would take to implement it.

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