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Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322Real Estate Principles 3rd Edition by David Ling,Wayne Archer
Edition 3ISBN: 978-0073377322 Exercise 9
A salesperson who collects a down payment deposit from a potential buyer must place the funds in:
A) The seller's bank account.
B) The salesperson's own bank account.
C) The broker's escrow bank account.
D) Long-term government bonds.
E) The hands of his or her broker.
A) The seller's bank account.
B) The salesperson's own bank account.
C) The broker's escrow bank account.
D) Long-term government bonds.
E) The hands of his or her broker.
Explanation
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E. The han...
Real Estate Principles 3rd Edition by David Ling,Wayne Archer
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