License Law & RulesCâu 37 / 120
An 'earnest money deposit' delivered by a buyer with an offer is typically held by the:
a.Broker or an authorized escrow holder such as a title company
b.Buyer's personal bank in the buyer's own account
c.County property appraiser
d.Listing sign company
Giải thích
Earnest money deposits are typically held in escrow by a neutral party such as the broker, a title company, or an attorney. The funds show the buyer's good faith and are credited or handled per the contract at closing. Florida sets time limits for depositing these funds into escrow.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The purpose of continuing education requirements for Florida real estate licensees is primarily to:
- If a broker's escrow account has conflicting demands from a buyer and seller over a disputed deposit, Florida law allows the broker to use several settlement procedures, including:
- Which of the following individuals generally must hold a real estate license to be paid a commission for the activity described?
- A licensee who tells a buyer that a home 'has the best view in the county' is most likely engaging in:
- Under Florida law, when must a single agent disclosure or transaction broker notice generally be provided?
- The Florida Real Estate Recovery Fund exists primarily to:
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