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Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. Randy gives Tom an earnest money check for $1,000 and
Buyer Randy makes an offer to purchase one of Broker Tom's listings on June 15. Randy gives Tom an earnest money check for $1,000 and asks Tom to hold it until June 30, regardless of the date the seller accepts the offer. What should Tom do?
Deposit the check into his trust fund account on the next business day.
Present the offer and tell the seller that the check needs to be held until June 30.
Refuse to accept the offer and check.
Give the check to the seller.
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