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When submitting an offer, a buyer handed their broker an earnest money deposit in cash.

North Carolina Real Estate Commission NCREC-Broker-N Full Course Access
North Carolina Real Estate Commission NCREC-Broker-N View All Questions

When submitting an offer, a buyer handed their broker an earnest money deposit in cash. To comply with the North Carolina Real Estate Commission Rules, what must the broker do?

A.

Not accept the cash and ask the buyer to write a check instead

B.

Ensure the cash is locked in a safe place until the offer is accepted

C.

Deposit the cash into the brokerage trust account within three banking days of receipt

D.

Turn the money over to the listing broker within 24 hours of receipt

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