Any earnest money deposits paid by the purchaser must be placed in a proper trust account.
Correct Answer:
Verified
Q38: When an agent's authority arises from custom
Q39: An agent's authority may be granted by
A)
Q40: A buyer makes an initial deposit of
Q41: A real estate licensee may not work
Q42: Brokers can indemnify themselves against legal actions
Q44: Price fixing and monopolies are prohibited by
Q45: A broker was part owner of an
Q46: A broker who misrepresents a property to
Q47: A broker who intentionally misleads a prospect
Q48: A person who brings two or more
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