How long does Broker Smith have left to implement a settlement procedure after waiting for 15 days regarding conflicting demands?

Broker Smith has 15 days left to implement a settlement procedure after waiting for 15 days in the case of conflicting demands. This is in line with the standard procedures outlined for real estate brokers when dealing with conflicting claims on escrowed funds or property.

When a broker receives conflicting demands regarding the release of funds or property, there is often a prescribed period during which the broker must act to resolve the dispute. In this case, after the initial wait of 15 days, the broker is required to implement a settlement procedure, which must typically be done in a specific timeframe to ensure that the broker adheres to legal and ethical standards. The additional time allows for negotiation or resolution in line with the best practices in real estate management.

The other options suggest a longer time frame or no time limit, which does not align with the typical guidelines brokers must follow to ensure they are acting in a timely manner to resolve disputes. The specified period ensures that brokers maintain accountability and can effectively manage their clients' interests without undue delays.