Broker Mary received an offer from a buyer on her principles home along with a good faith deposit made payable directly to her. Mary deposited the check into her account and immediately transferred the amount of the good faith deposit into the trust account. What does Mary have to do?

Answer rating: 100% (QA)

Mary as a broker has a fiduciary duty to handle funds related to real estate transactions with the utmost care and in accordance with legal and ethica... View the full answer