Social Studies, 06.08.2019 01:30 21marmong
Abroker received an offer with a deposit for one of his listings. the seller accepted the offer. but before the transaction closed, the buyer and seller mutually agreed to cancel it. the buyer requests the return of the deposit, and the seller has no objection. the broker:
a. may deduct only sales expenses from the deposit before returning it
b. must return all of the deposit, but may then sue the seller for his commission
c. may deduct the full amount of his commission from the deposit before returning it
d. may deduct the full amount of his commission from the deposit, then sue the seller for additional damages
Answers: 3
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Abroker received an offer with a deposit for one of his listings. the seller accepted the offer. but...
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