Nebraska License Law
A Nebraska buyer gives an agent their credit card number to hold as 'earnest money.' The agent should:
AProcess the card and deposit to trust
BDecline — earnest money must be in a negotiable form like a check or wire✓ Correct
CAccept the card as earnest money with seller approval
DContact NREC for guidance before proceeding
Explanation
Earnest money should be in a form that can be deposited into the trust account — typically a check, cashier's check, or wire transfer. Credit card numbers are not suitable as earnest money since they cannot be properly deposited into trust accounts.
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