Question: If a broker accepts a post-dated check as a deposit on a real estate transaction, but does not inform Seller and the check is not

If a broker accepts a post-dated check as a deposit on a real estate transaction, but does not inform Seller and the check is not honored, Seller cannot

A. Declare the contract void

B. Sue broker for negligence

C. File a complaint with the Dept of Business and Professional Regulation

D. Sue the Real Estate Recovery Fund

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

If broker accepts a post dated check as deposit on a real estate transaction, but does not inform seller and the check is not honored, seller cannot; a. declared the contract void b. sue broker for...

Following a jury trial defendant was found guilty of issuing a bad check, N.J.S.A. 2C:215. * * * She was sentenced to concurrent custodial terms of four years consecutive to any sentence imposed by...

table 14-1 Assignment Score: 80.35 (Chapter 14 Section I Review Exercise (22) Save Exit Submit Assignment for Grading Questions of 15 Check My Work You are a real estate broker for Aurora Realty. One...

table 14_1 Check My Work You are a real estate broker for Aurora Realty. One of your clients, Erica Heston, has agreed to purchase one of the homes your office has listed for sale for a negotiated...

23.) A buyer decided to make an offer on a sellers property. He told the licensee who was writing up the offer that he wanted to include a promissory note to show he was making the offer in good...

21.) A buyer decided to make an offer on a sellers property. He told the licensee who was writing up the offer that he wanted to include a promissory note to show he was making the offer in good...

Question 1 1 pts A broker brings his seller an offer from a potential buyer. If the seller asks about the buyer's race, the broker: Group of answer choices must disclose this information to the...

How can you fill out this purchase agreement? Fill out hypothetical purchase contract Nebraska Purchase Agreement Typed.docx Download Nebraska Purchase Agreement Typed.docx using data and information...

Real Estate Broker 29. A contract that provides for the payment of a commission to a broker even though the owner makes a sale without the ad of the broker is called : A) Net listing be B) an open...

Think about a warm sunny summer day in an urban area. People who exercise outdoors are advised to do so early in the morning on such a day. Explain why.

Green Corporation has $482,750 in ending inventory and cost of goods sold for the newly ended year was $4,209,580. What is inventory turnover rate? (Do not round up intermediate calculations. Round...

When developing inventory cost models, which of the following is not included as a cost to place an order? a. Postage b. Taxes c. Clerical d. Calculating quantity to order e. Phone call

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...