#1849

If a buyer gives a deposit check to a broker it can be held by the broker and retained contingent upon the rejection or acceptance of a buyer's offer.

Is this fact true or false ?

Please remember to take your time. The solution will be posted below the royalty free wildlife photo.

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A. This is true.

Most state real estate laws permit the broker to retain a buyer's deposit check until the seller either rejects or accepts the buyer's offer.

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Posted by David Saks on 09/24/2012 10:03 AM   Comments (0)   Education in the Training Channel   theory and practice  
Originally posted at: David Saks: Real Estate Practice : Lesson 1849
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David Saks

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