Washington License Law
A Washington real estate broker who receives an earnest money check made payable to the broker personally (not to the firm) must:
ACash it and deposit proceeds in the trust account within 3 banking days
BReturn it to the buyer and request a check payable to the firm✓ Correct
CDeposit it in their personal account until accepted
DIt is acceptable to receive earnest money payable to the individual broker
Explanation
Earnest money should be payable to the real estate firm, not to the individual broker. If the check is made out to the individual broker, the proper practice is to return it and request a check made payable to the firm for deposit into the firm's trust account.
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