New Jersey Real Estate Salesperson Exam Version 2 Questions

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Question 1 of 5

The purchase and sales agreement provides for release of earnest money to the seller after the buyer's property inspection. The seller requests the earnest money prior to the property inspection. The broker should

A. release the earnest money to the seller immediately.

B. notify the buyer of the broker's intention to release the earnest money to the seller.

C. release the earnest money on the buyer's verbal approval.

D. refuse to release the earnest money.

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New Jersey Real Estate Salesperson Exam Version 2 Questions

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