The buyer of an industrial complex wants the broker to place the earnest money in an interest-bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?

• The broker is able to follow the buyer's instructions without the seller's permission.
• The broker must not transfer the interest into a non-interest bearing account before disbursement.
• The broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws.
• The broker must obtain the seller's permission to do this in writing prior to following the buyer's instructions