Contracts
In Kentucky, if a buyer's earnest money check bounces (NSF), the listing broker should:
AImmediately terminate the contract
BNotify the buyer and seller promptly and follow the contract terms✓ Correct
CReport the buyer to KREC
DContact the buyer's lender
Explanation
The listing broker should notify the buyer and seller promptly about the NSF check and follow the procedures specified in the purchase contract regarding cure periods or termination.
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