Demostraci$$n

Buyer gives a broker a deposit on a property. The broker obtains verbal acceptance on the offer from the seiler. Before the seller's acceptance is formally signed and communicated back to the buyer, buyer telephones broker to tell him he is backing out of the contract. The buyer demands a refund of the deposit; however, the seller also demands to receive the deposit. What should the broker do concerning the deposit?

A$.$ pay the deposit to his principal, seller

B$.$ pay the deposit to the buyer

C$.$ transfer the funds to his operating account

D$.$ notify the Attorney General and request a hearing