Agency
A salesperson who receives earnest money from a buyer must:
ADeposit it into a personal account until closing
BDeliver it to the supervising broker promptly for deposit into the broker's trust account✓ Correct
CHold it personally until the offer is accepted
DGive it directly to the seller
Explanation
Earnest money received by a salesperson must be promptly delivered to the sponsoring broker for deposit into the broker's escrow/trust account. The salesperson cannot hold or deposit client funds personally.
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