Two weeks prior to the proposed closing date, a buyer decides to purchase a different property. The
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Question:
Two weeks prior to the proposed closing date, a buyer decides to purchase a different property. The buyer requests an earnest money refund. Which of the following is the best practice for the buyer's broker?
a. negotiate with the listing broker to divide the earnest money equitably
b. inform the listing broker that the seller must return the earnest money
c. request the seller agree to cancel the contract and return the earnest money
d. request that the listing broker sign an earnest money release agreement
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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