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You are logged buyer makes an offer to purchase a home. Rather than writing a check for earnest money, the buyer tells the broker that
You are logged buyer makes an offer to purchase a home. Rather than writing a check for earnest money, the buyer tells the broker that a diamond ring is worth $1,000 and that the broker may use the ring as a sign of intention to purchase. What should the broker do? OA Inform the buyer that only a certified check is acceptable for earnest money. OB. Accept the ring as earnest money provided $1,000 is available in the trust account to protect the seller and guarantee a cash payment. OC. Accept the ring as earnest money provided the seller is notified that the earnest money is in the form of a diamond ring. OD. Have the ring appraised to be sure that it is worth at least $1,000 before accepting it as earnest money
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