Question
A client makes an offer on a residential proporty and provides a check for $2,000 as earnest money. The client instructs his buyer agent to
A client makes an offer on a residential proporty and provides a check for $2,000 as earnest money. The client instructs his buyer agent to hold the check for five days so it will clear the bank. what should the agent do with the check?
A. Provide the chock to his broker immediately with the client's instruction to hold it for five days before depositing it in the escrow account
B. Inform the client that the offer will be presented without any earnest money since the agent is required to submit all offers.
C. Hold it for rive days before submitting the check to his broker for deposit in the escrow account
D. Refuse to present the offer to the seller's agent until the earnest money can be deposited
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