North Dakota · N.D. Cent. Code §§43-23-11.1, 43-23-14.1North Dakota earnest money: 24 hours to the broker, 24 hours to the bank

A North Dakota salesperson who fails to place real estate trust money – earnest money included – with the employing broker for deposit within 24 hours of receipt, or a broker who fails to deposit it within 24 hours of receiving it from the salesperson, is subject to discipline; money received the day before a holiday or another day the depository is closed is deposited the next business day (N.D. Cent. Code §43-23-11.1(1)(s)). Every broker keeps, in its own or its firm's name, a separate, noninterest-bearing trust account designated as such in a federally insured financial institution in North Dakota, and places in it all funds that aren't its own, including earnest money; it may keep up to $500 of its own money there for service charges, and keeps the books, records and contracts needed to check the account at its place of business, open to the commission's inspection (§43-23-14.1). A broker that doesn't accept trust funds may get a waiver from the commission, but must open a trust account if it later receives trust funds (§43-23-14.1).