How soon must a licensee give all earnest money received to his/her broker?

The requirement for a licensee to submit all earnest money received to their broker "as soon as practically possible" demonstrates the importance of prompt handling of clients' funds in real estate transactions. This phrase emphasizes the need for expediency while allowing for some discretion based on the circumstances at hand. The intention is to ensure that earnest money is securely held and managed by the broker, maintaining transparency and trust in the transaction process.

Choosing this option underscores the principle that while specific timelines can be helpful, the key is to act responsibly and efficiently to protect the interests of all parties involved in the transaction. In instances where immediate transfer may be hindered by logistical issues or other practical considerations, the licensee is still obligated to act promptly, reflecting a balance between adherence to rules and the realities of conducting business.

The other choices suggest either arbitrary deadlines or conditions that might not align with the ethical handling of earnest money. Each of those would not adequately capture the duty to ensure that funds are handled with urgency and care, which is why the correct answer focuses on the practical aspect of giving earnest money to the broker.