Mississippi License Law
Under MREC rules, a Mississippi licensee who receives an earnest money check that is postdated should:
AAccept and deposit it immediately
BDisclose the postdated nature to all parties and hold the check until the agreed date✓ Correct
CRefuse to accept postdated checks under any circumstances
DDeposit it and notify only the seller
Explanation
A postdated earnest money check should be disclosed to all parties. The licensee should follow instructions in the purchase agreement regarding when to deposit it.
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