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21 January, 08:11

Salesperson Sue has just completed a purchase and sale agreement with Bob, her client, in order to make an offer on a house. The agreement includes a good faith deposit of $5,000 in the form of a check, which Bob has given to Sue. Absent any specific instructions, what should Sue do with Bob's check?

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  1. 21 January, 08:32
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    Sue should turn it over the to her broker

    Explanation:

    The agreement between Salesperson Sue customer Bob included a good faith deposit of $5,000 in the form of a check, which Bob has given to Sue. Absent any specific instructions, Sue should turn it over the to her broker should Sue do with Bob's check.
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