The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?

Question

11-08-2020
Business

contestada

The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?

Respuesta :

Otras preguntas

Read and choose the option with the correct words to complete the sentences.Mateo, tienes el carro de tu tío. ¿Vas a ________ el carro a tu tío? Él necesita el

Cantor Corporation acquired a manufacturing facility on four acres of land for a lump-sum price of $9,000,000. The building included used but functional equipme

put the words in the correct order to make a compound sentence (two smaller sentences joined y a linking word). we, will, meet, Rachel, tomorrow, the, and, her,

g As observed on earth, a certain type of bacteria is known to double in number every 24 hours. Two cultures of these bacteria are prepared, each consisting ini

En la raza de ovejas Rommey Marsh, un gen conocido como gris letal, provoca que el feto gris GG, muera antes de las 15 semanas de gestación; El Genotipo heteroc

There are approximately 2 × 1022 molecules and atoms in each breath we take and the concentration of CO in the air is approximately 9 ppm. How many CO molecules

The time required to drive a fixed distance varies inversely as the speed. It takes 2 hr at a speed of 200 km/h to drive a fixed distance. How long will it take

_____ states that much learning and motivation occurs by observing and modeling others, as well as by anticipating the consequences of our behavior.

The notion that the traits that help a species survive and reproduce are passed along more frequently than those that do not (i.e. differential reproduction and

sandlee09 sandlee09 · Answer 1 · 2020-08-13T02:38:56+02:00

Answer:

Explanation:

In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.